Stolen vehicles across England and Wales has seen a “24.9% increase year-on-year”, according to the Office of National Statistics (Crime in England and Wales: Appendix tables – Office for National Statistics (ons.gov.uk) and “approximately 126,247 road accidents occur in Great Britain each year, which works out as almost 346 each day”, according to Comparethemarket.com – Great Britain road traffic accident report | Compare the Market.
Whilst there is nothing like owning or leasing a brand-new vehicle with all its exclusive up-to-date technology, dynamic features and smooth driving feel, there are some important responsibilities which come with the purchase or agreement.
First, did you know that if your vehicle is stolen or written off following an accident, then your motor insurance company will only pay the current market value for your vehicle and not the price which you originally paid?
This means that, if you are repaying a finance agreement, then the repaid value amount could end up being less than the remaining balance which you owe on the original vehicle payment.
Here at JRW Risk Solutions, we have some good news for owner /drivers of new and used, higher-purchase, cash purchased and leased vehicles – The resolution is called GAP Insurance!
GAP Insurance not only keeps our clients on the move with a temporary replacement vehicle, but it will also pay clients up to an additional 25% on top of the total loss valuation provided, by their motor insurer.
GAP Insurance – What is covered?
The policy:
- Is open to cars and light vans (new and used).
- Prevents any difficult negotiations with your current insurer.
- Can be ported to a different vehicle in the same name.
- Is available in the form of Combined Purchase Price Protection & Finance GAP or Lease GAP.
- Provides a temporary replacement vehicle for up to 28 days.
- Is easy to set up, just contact JRW Risk Solutions.