BMW at VRI Gap Insurance

BMW at VRI Gap Insurance

 

The BMW brand is arguably one of the most prestigious brands in the automotive industry and we at VRI Gap Insurance would like to use the BMW brand in our explanation of Gap Insurance and how it can help you.

 

Gap Insurance will protect you and your BMW from the effects of depreciation and VRI Gap Insurance will protect your BMW from depreciation and any possible appreciation in the invoice price.

 

Vehicle Replacement Gap Insurance is said by many in the industry to be to be the highest level of Gap Insurance to protect you and your BMW as it will not only protect you from the effects of market value depreciation but also from the effects of inflation in terms of the cost to replace the model.

 How can Gap Insurance help you and your BMW?

Vehicle Replacement Gap Insurance will cover the difference between the market value of your BMW on the day it was written off or stolen and the average cost to replace your BMW with the same model, mileage and specification as yours was on the day of purchase.

 

The idea of Gap Insurance is to put you back into the position you were in prior to the purchase of your new model. If you have purchased your new through the form of a financial agreement and don’t have the ability to own your vehicle at the end of the agreement then you only have the finance to protect.

 

Finance Gap Insurance will cover the difference between the market value of your vehicle on the day it was written off or stolen and the amount of finance you have outstanding on the vehicle. This will give you the ability to walk away from the vehicle with no financial liability.

 

The last level of cover for you to consider is Return to Invoice Gap Insurance. RTI Gap Insurance is said by many in the industry to be the most popular level of cover, however, this may be due to the amount of exposure the type of cover within dealerships.

 

Return to Invoice Gap will cover the difference between the market value of your vehicle on the day it was written off or stolen and the original invoice price that you paid for the BMW.

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2 Responses

  1. September 18, 2013

    […] next form of Gap Insurance for you to consider is VRI Gap Insurance. VRI Gap Insurance is short for Vehicle Replacement Insurance. Vehicle Replacement Insurance will cover the difference […]

  2. September 19, 2013

    […] to market value depreciation, there will be a financial gap. But, this is where VRI Gap Insurance can help you and your Audi model. Vehicle Replacement Insurance will cover the difference between […]

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