Ford at VRI Gap Insurance
We at VRI Gap Insurance have watched as the Ford brand have dominated the top of the UK sales charts with both the Ford Fiesta and the Ford Focus. Other manufacturers such as Vauxhall and Volkswagen have both had to sit and watch as the Ford pair run the market.
However, we at VRI Gap Insurance would like to take this opportunity to inform all of those Ford owners out there about Gap Insurance and what it can do to save you and your Ford in the event of the vehicle being written off or stolen.
The word save is used carefully but basically, Gap Insurance will look to cover and save your Ford from the effects of market value depreciation. If you were to write your new model off, you would only ever receive the market value of the Ford on the day it was written off or stolen.
There are three forms of protection and three different levels of cover. The three different levels of cover all have different capabilities. The first level of cover is Finance Gap Insurance, the next level of cover is Return to Invoice Gap Insurance and the last is obviously Vehicle Replacement Insurance.
Finance Gap Insurance will cover the difference between the amount of finance you have outstanding on the new model and the market value of the vehicle on the day it was written off or stolen. This will ensure that all finance is cleared and you then have the ability to walk away from the Ford model with no financial liability.
How can Gap Insurance help you and your Ford at VRI Gap Insurance?
Return to Invoice Gap Insurance will cover the difference between the original invoice price that you paid for the model and the market value of the vehicle on the day it was written off or stolen. This will ensure that all outstanding finance is cleared and the full balance, deposit and equity on the Ford is yours to do with what you see fit.