Car deprecation insurance

Unless you’ve visited a car sales garage recently, you’ve probably never heard of Gap Insurance (Guaranteed Asset Protection). Well your not alone, it’s a smart policy that the car industry has held very close to it’s chest as its also one of their strongest commercial ‘add-ons’ when selling a car.

Confused.com with Future45Ltd, have turned the depreciation busting policy on its head, given it a shake-up and are now delivering it at sensible and affordable premiums direct to the consumer on-line under the heading of ‘Car Depreciation Insurance’.

What is Car Depreciation Insurance?

Quite simply, it’s a very intelligent policy that insures the car back to it’s original value at policy inception should it be written-off through accident or theft at any stage during the chosen term (up to 4 years). Think of it as an affordable compliment running alongside comprehensive cover.

Next to home ownership, few realise that car depreciation is the next biggest expense - far greater than fuel and servicing.

Fact: New or used, cars depreciate in value, a very poignant fact in our current economic climate; in some cases this depreciation can reduce the value to just 30% of the original cost within just 3 years! Car Depreciation Insurance will protect against this with policies starting at £72.

So What’s New?

“Providing the consumer with choice and flexibility was at the top of the list when we designed ‘Car Depreciation Insurance’ with Confused.com” said Andy Bendell, Head of Marketing at Future45Ltd. “We also wanted to remove the perplexity for the consumer with regards to understanding the policy, so we removed the need for a claim limit to be entered which historically has always confused. This also simplifies the online purchase allowing the consumer to insure (freeze) the cars value with just a few clicks”.

What’s innovative and exciting is Car Depreciation Insurance is available through Confused.com on cars that have just been bought or owned up to 7 years, owned outright, on finance, personal loan, contract hire or even on a lease agreement.

In addition, to really provide the consumer with choice to tailor their Car Depreciation Insurance there’s valuable options that include cover to pay the insurance excess; a return to invoice add-on and finance protection option, cover for driving instructors and taxi drivers, and even an inconvenience cover that pays out a straight £500 to help with car rental, replacement of the valuables or anything that helps soften the inconvenience of having your car declared a write-off!

‘Pic ‘n’ Mix’ for the Perfect Cover – With No Claim Limit Needed

Available for New and Used Cars
Pay Back to Today’s Value
Pay Back to the Original Invoice Price
Pay the Outstanding Finance
Pay the Contract Hire Settlement
Pay the Lease Settlement
Pay the Insurance Excess
Pay an Additional ‘Inconvenience’ sum of £500 on top of the Claim
Available for Driving School Instruction
Available for cars used for Taxi purposes (not black cabs)
No Claim Limit
Available for Cars up to 7 Years Old