You pay £14,000 for your car. In 3 years time, your car could be worth up to 50% less because of depreciation.
* This is a rough guide ONLY, as the devaluation percentage may be bigger or smaller depending on the type of car you drive.
GAP Insurance: download our Simple Guide to Buying a Car
Pam Harrison has just retired form teaching. Both Pam her and her husband have GAP insurance from helpucover.co.uk for their two cars
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You pay £14,000 for your car. In 3 years time, your car could be worth up to 50% less because of depreciation.
* This is a rough guide ONLY, as the devaluation percentage may be bigger or smaller depending on the type of car you drive.
Your car is stolen, or is involved in an accident that sees it written off.
Your insurance company agrees to pay £7,000 - the value of your car at the time of the accident or theft.
The bad news. That's a £7,000 shortfall! To get back into a car similar to the one you originally purchased, you may have to top-up with some extra, hard-earned, personal cash.
The good news. You decided to purchase Car Value Protector Cover from helpucover when you originally purchased the car and arranged the car insurance.
helpucover Car Value Protector pays you the £7,000 difference.
You are now able to replace your car with one similar to the one you originally purchased.