Life is full of surprises but not all of them are wanted or expected. Fortunately you can be prepared for some of these events by taking out Volkswagen GAP Insurance, which could prevent financial and transport headaches if your car is written off or stolen and not recovered.
With one of these peace-of-mind policies, you will be able to bridge the payment GAP between the settlement figure calculated by your motor insurer and the original purchase price of your van or the outstanding finance.
It also means that you won’t be left short as you won’t have to find the money to replace your much loved Volkswagen with another Volkswagen van. Various levels of cover are available, so choose the one that’s right for you from the following:
1. Return to invoice price
Pays the difference between the original purchase price of your Volkswagen and the total loss settlement paid to you by your motor insurer.
2. Outstanding finance
Pays the difference between any outstanding finance (excluding any arrears) on your Volkswagen and the settlement paid to you by your motor insurer.
3. Lease charges
For vehicles financed on a contract hire agreement, it pays the difference between the motor insurance payout and the amount required to settle the agreement.
4. Return to invoice price and outstanding finance
Combines the advantages of return to invoice price and outstanding finance. It pays the difference between the total loss settlement paid by the motor insurer and the original purchase price or the amount required to settle the finance .agreement, whichever is greater.
The original purchase price includes all factory fitted accessories and any discount given but excludes Volkswagen retailer fitted extras or accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums, warranty premiums and any such associated costs and any negative equity.