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Volvo Gap Insurance from Total Loss.
In the unfortunate event that your Volvo is written off, your fully comprehensive motor insurance will offer you the market value of your Volvo on the day it was written off.
This means that any settlement you are offered could be thousands of pounds less than the original invoice price you paid or the replacement cost of another Volvo.
It may not be enough to clear any outstanding finance or contract hire agreement.
A Volvo Gap Insurance policy from TLG could be the answer.
How does a Volvo Gap Insurance policy from Total Loss work?
Your Volvo Gap Insurance ( Guaranteed Asset Protection) from TLG can help protect you against these unforeseen costs and potential financial burdens when and if your Volvo is stolen or damaged so that your fully comprehensive insurer declares it a Total Loss (write off).
All of our gap insurance cover replies on your insurer offering you a market value settlement figure.
Volvo Contract Hire Gap Insurance from TLG
Volvo Finance Gap Insurance from Total Loss pays the shortfall between your motor insurance payout and the amount outstanding on your lease or finance company settlement. This amount can comprise a proportion of future rentals, monthly payments, differences in market value estimates and even early termination charges. You also protect the advanced rental you paid on your contract hire agreement up to the maximum of £3000.
Volvo Combined Return to Invoice Gap Insurance ( RTI Gap ) from TLG
Volvo Combined Return to Invoice Gap Insurance from TLG - Pays the gap between your insurance company market value settlement on the day they declared it a write-off and the higher amount of
- The amount that is outstanding on your hire purchase or finance agreement (must be linked to your Volvo e.g not a bank loan)
- The original invoice price you paid.
Volvo Vehicle Replacement Gap Insurance ( VRI Gap ) from TLG
Your Volvo VRI Gap insurance from Total Loss- pays the difference between Volvo's market value at the point of loss and the higher of either.
- The amount that is outstanding on your hire purchase or finance agreement (must be linked to your Volvo e.g not a bank loan).
- The original invoice price you paid.
- The replacement cost of another Volvo, the same as yours, was on the day you bought it; i.e. if you purchased a brand new car, it is based on the cost of a brand new car. If you purchased a used Volvo with 28,000 miles on the clock, it is based on the price of a used Volvo with 28,000 miles on the clock. If Volvo has ceased production of that model, your settlement is based on the superseding model. Without a superseding model, your settlement would be based on the invoice plus 10%. In all cases, settlement is made in a cash format.
What will a Volvo gap Insurance from Total Loss cost?
To give you an accurate price, we will need to know a little bit about your Volvo, what you will be using it for, how much it costs, and how you funded the purchase.We could say our prices start from less than £70 for a three-year policy, and they do. ( based on a 3 three contract hire policy with a monthly rental of less than £100 with no deposit protection ) However, we will give you a valid quotation rather than mislead you.
Naturally, a 5-year Volvo Gap insurance policy from TLG for a new car worth £60,000 will cost more than a 3-year return-to-invoice policy for a more affordable Volvo costing £22,000.
What we can say, however, is
- We do not pay for affiliate links
- We do not pay for recommendations
- We do not offer cashback
- We do not offer discount codes.
- We are not on comparison systems.
They can be fantastic, and we understand that we all want value for money, but behind the scenes, they cost money. We also think that they can lead to a form of discrimination, in so much as if you are not confident in your ability to call and haggle or computer literate, it can mean that some policyholders pay more than others.
Instead, we will pass the reduced costs directly on to you, no gimmicks, no fuss, just policies that work.
Additional benefits of Volvo Gap insurance from TLG?
For over a decade, we have worked with our underwriters and used your feedback to change and increase the functionality and performance of our policies, making them some of, if not the most, all-inclusive and feature-packed in the market today.
- Trading Standards have approved how any Volvo Gap Insurance policy from TLG is calculated, processed, and settled.
- There are no mileage restrictions once your policy is in force.
- All policies are backed by the FSCS.
- We never supply a replacement car; instead, all settlements are made in cash, allowing you to decide where, when, and how your money is spent.
- We have an extended 30-day cooling-off period.
- We do not charge any policy administration fees *
The list goes on, so why not click the policy samples below and see just how feature-packed a Volvo Gap insurance from TLG can be?
Total Loss IPID From June 2024 Total Loss Contract Hire From June 2024
Total Loss IPID From June 2024 Total Loss Return to Invoice From June 2024
Total Loss IPID From June 2024 Total Loss VRI GAP From June 2024
Examples of Potential Gap Insurance claims
No Volvo owner ever likes to think of making a gap insurance claim, and you can be forgiven for thinking that should the worst happen, you may not need it. However, please remember that no matter which car you have, new or used, it will, over time, lose value. So, let's look at some real-life potential claims and how much gap cover could cost. Please remember cars, even Volvo cars, are depreciating assets.
A Volvo XC90 70 registration plate was bought four years ago for £62450. It now has 60,000 miles on the clock.
Market value now £34860* ( this is what you would expect to be paid by your motor insurer)
Potential Gap insurance claim of £27590.
A Volvo gap Insurance from TLG based on a four-year Return to Invoice gap insurance would have cost £293.74**
A Volvo XC90 21 Registration plate was bought three years ago for £58000. It now has 51,000 miles on the clock.
Market value now £34420 ( this is what you would expect to be paid by your motor insurer)
Potential Gap insurance claim of £23580*
A Volvo gap Insurance from TLG based on a three-year Return to Invoice gap insurance would have cost £206.68**
A Volvo V90 21 Registration plate was bought three years ago for £49700. It now has 45000 miles on the clock.
Market value now £25040* ( this is what you would expect to be paid by your motor insurer)
Potential Gap insurance claim of £24660
A Volvo gap Insurance from TLG based on a three-year Return to Invoice gap insurance would have cost £153.85**
A Volvo V60 70 Registration plate was bought four years ago for £33525. It now has 28000 miles on the clock.
Market value now £21430* ( this is what you would expect to be paid by your motor insurer)
Potential Gap insurance claim of £12095
A Volvo gap Insurance from TLG based on a four-year Vehicle Replacement gap insurance would have cost £309.84**
A Volvo S90 21 Registration plate was bought three years ago for £55475. It now has 40,000 miles on the clock.
Market value now £25500* ( this is what you would expect to be paid by your motor insurer)
Potential Gap insurance claim of £29975
A Volvo gap Insurance from TLG based on a four-year Vehicle Replacement gap insurance would have cost £318.26**
While we can not say how much Volvo Gap insurance costs directly from your Volvo dealership, we have shown the prices you could expect to pay for a Volvo Gap Insurance policy from us instead.
*Market Value prices are taken from Glass's guide. Dealer retail prices correct as of May 2024
**Gap Insurance prices correct as of May 2024
Depending on when you bought your Volvo, how old it is, and what you will be using it for, we can also offer more than just a form of gap cover. Instead, we can offer a range of other policies that will cushion you against other motor-related costs while helping you keep it in showroom-ready condition.
Why not click and see what cover we can offer
A brief Introduction to the fascinating history of Volvo
Volvo is a Swedish multinational manufacturing company founded in 1927 in Gothenburg, Sweden. The company initially started as a subsidiary of the ball bearing manufacturer SKF. The first of the Volvo cars, ÖV 4, rolled off the production line on April 14, 1927.
Throughout its history, Volvo has been known for its commitment to safety, durability, and quality. Volvo cars have significantly contributed to automotive safety technology, including introducing the three-point seat belt, which Volvo engineer Nils Bohlin invented in 1959. This invention has saved countless lives and is now a standard safety feature in vehicles worldwide.
In addition to automobiles, Volvo has produced trucks, buses, and construction equipment. Over the years, Volvo has expanded its operations internationally and has become a well-respected and recognisable brand in the automotive industry.
In 1999, Volvo Car Corporation was sold to Ford Motor Company, and later, in 2010, it was acquired by Geely Holding Group, a Chinese multinational automotive manufacturing company. Under Geely's ownership, Volvo has continued to innovate and has focused on producing environmentally friendly vehicles that are committed to electrification and sustainability.
Today, Volvo is known for its range of vehicles that prioritise safety, design, and technological innovation. The company has a robust global presence and is a leader in the automotive industry.
They offer a complete range of electric cars including the EC40, EX40and EX90 as well as Hybrids and mild Hybrids in the XC60 and XC90.
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Best Buy
Total Loss Gap is pleased to confirm that we have been recognised as the 'Best Buy' for GAP Insurance in the UK by motoring giant Auto Express.
Auto Express undertook an independent survey of various Gap Insurance providers in the UK. They took a standard quote from a franchised primary dealer for a £32,270 vehicle and obtained a quote for three year Gap cover for £449. 
This quote was then compared against many online providers for alternative quotations.
Auto Express highlighted the ease at which a quote can be obtained from the Total Loss Gap website.
It confirmed the premium found at Total Loss Gap was 59% cheaper than the motor dealer at £185.28
Total Loss Gap was the ONLY provider to be given a full 5 out of 5-star rating.
Total Loss Gap was also awarded the 'Best Buy' for Gap Insurance in the UK for 2021.
Auto Express also commented that Total Loss was the only provider they found to allow deferred start dates. This would allow a later start date if the motor insurers' replacement cover covered the car in year one.
In awarding the Best Buy to Total Loss Gap, Auto Express concluded that we were 'Clear, honest and good value.'
A spokesperson for Total Loss Gap said 'We are honoured to be the only Gap Insurance provider to get a 5 Star award and the only Gap provider to get the 'Best Buy' recommendation from such as name as Auto Express."
"At Total Loss Gap, we always strive to provide our customers with the best 'value' with the products we provide. Value can be found in the service we provide, the features you get, and the premium price you pay. It is great to see that an industry giant agrees with us too."
The Auto Express Gap Insurance review can be found in the current magazine and can be found on the Auto Express website also. (CLICK HERE to see)