So you are buying a Renault. Good choice they have a fantastic safety rating in most cases NCap 5.
But you are not here to learn about how good your Renault is you want to know about gap insurance.
Your local Renault dealership should have spoken to your about gap insurance as part of their duty of care.
You may have just want more information or perhaps just a better deal in either case the team at Buy Gap Insurance.co.uk are here to help.
Gap insurance is possibly one of the easiest yet most misunderstood forms of insurance. Gap insurance in brief protects you against out of pocket expenses when your Renault is written off.
Ok lets go back a step.
Every vehicle loses money some more than other but every vehicle. In fact the motoring press say that the average vehicle can lose up to 50 % in the first three years alone. I have just spoken to a lovely gentlemen who has just bought a Renault Wind for his good lady wife. He is paying £13200 and taking the car on personal contract purchase. He had a very sensible attitude. This will be the fourth Renault he has had and in each case he usually part exchanges them for around 50 % less than he bought them for. In his mind the fabulous new Renault Wind would be worth around the £6,000 to £7,000 mark in three years time.
As he said “I always take gap insurance because if something goes wrong with my Renault and it is written i do not want to think of using my savings to pay the difference”.
Gap insurance on line is even more flexible than the type offered by your dealership. After all we are all different, we all want different things and even pay for them differently. We think it makes more sense to have different ways to protect them depending upon how you paid for your Renault and what is important to you.
For example do you want your gap insurance policy to simply pay the difference between your Renaults valuation on the day it is written off and the amount outstanding on finance? Good well why not look at finance gap insurance?
Did you buy your Reanult on contract hire? Good well why not look at contract hire gap insurance?
Do you want your policy to pay the difference between your Renault valuation on the day it is written off and the invoice price you paid? Good why not look at return to invoice gap insurance?
Do you want your policy to replace your Renault on a like for like basis? Good why not look at Vehicle replacement gap insurance?
Are you going to use your Renault as a Taxi or driving school ? OK why not look at specialist cover?
When you know what your want your policy to do you are ready to start shopping online. After all with prices up to 85 5 less than main dealership prices and basic cover starting from less than £39.00 can you afford not to at least consider gap insurance for your Renault.