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Why should you buy a Maserati Gap Insurance from Total Loss Gap?

 

If you are just about to collect your Maserati or took delivery within the last 180 days, why should you consider protecting your car with a form of gap insurance?

 

Equally, why should you choose a Maserati Gap Insurance from Total Loss Gap? We think the answer is simple because it's not just about your Maserati but also your financial security.

 

Most people would associate Maserati with a reputation for unique design and drivability.

 

They also make some of the most luxurious cars available today - however, the style and performance they offer come at a cost.

 

The Maserati Grecale has a list price of £64055 for a base model with no extras. However, a Grecale GT in Lava Opaco Fuoriserie, with 20" etere forged alloy wheels with matte black brake callipers, Pelle Nero sticking, climate pack, sunroof and a few other nominal extras can quickly cost £93630. (prices taken from Maserati UK June 2024)

 

The Maserati Ghibli starts from £90685, which is a substantial financial investment regardless of your financial circumstances.

 

Contract Gap Hire Insurance Quote for your Maserati     Return to Invoice Gap Insurance Quote for your Maserati     Vehicle Replacement Gap insurance Quote for your Maserati

 

But what happens if your Maserati is stolen? What happens if your Maserati is written off?

 

If something happens to your Maserati and your fully comprehensive motor insurance company decides that you have a valid claim and agrees to offer you the market value for your car, you may be financially exposed.

 

Every car (unless you have a limited edition Maserati or a classic) will lose value over time. The amount that your Maserati loses will depend on the invoice price you paid, as well as the age, mileage, and condition. However, industry experts predict that a modest vehicle can and often does lose up to 50% of its original value in just three years.

 

Real-life potential Gap Insurance claims

 

  • A Ghibli Granlusso L4 MHEV Auto was bought in 2021 for £63460
  • It now has 53,000 miles on the clock
  • Estimated motor insurer settlement based on Glass's guide Dealer retail from June 2024 valued at £31380
  • With any gap insurance, there could be a potential loss of £32080.

 

  • A Levante Gransport V6 Auto was bought in 2021 for £71405
  • It now has 60,000 miles on the clock
  • Estimated motor insurer settlement Glass's guide Dealer retail from June 2024 valued at £37670
  • With any gap insurance, there could be a potential loss of £33735.

 

This means that if your Maserati is written off, the amount you are offered from your motor insurance company could be tens of thousands of pounds less than you paid. The settlement could even be significantly less than the amount you still have outstanding on your finance agreement. A guaranteed asset protection insurance policy (Commonly known as GAP Insurance) could help.

 

How does a Maserati gap Insurance policy from TLG work?

 

A Maserati Gap Insurance policy from TLG will cover the gap left behind after your motor insurance company's settlement.

 

Suppose you have sourced your Maserati using a lease or contract hire agreement. In that case, your gap policy will pay the difference between your motor insurance company's market value settlement and the amount outstanding on your finance agreement.

 

If you purchased your Maserati using a form of personal contract purchase, hire purchase, or even paid cash for your Maserati, a combined Return to Invoice Gap policy will cover the difference between your motor insurer settlement and the higher of either the amount left on the finance agreement (excludes any late payment charges or arrears) or the original invoice price you paid.

 

Vehicle Replacement Gap insurance is designed to give you the best financial outcome as an alternative to the standard Return to Invoice. It pays the difference between your motor insurance company settlement and, like the return to invoice, the higher of either the amount outstanding on your finance agreement or the invoice price; however, it also goes further. If the replacement cost of another Maserati, the same as yours on the 1st day you drove it home, is higher than the original invoice price you paid, it becomes your settlement figure.

 

What are the additional benefits of a Maserati Gap Insurance policy from TLG?

 

When you choose Maserati Gap Insurance from TLG Gap, you're not just getting basic coverage. You'll also be pleased to know that your policy comes with a range of additional features as standard.

  • Policies are backed by the Financial Services Compensation scheme.
  • There's no claim limit for vehicles up to £75,000.
  • Your policy will cover all named drivers on your fully comprehensive motor insurance, providing they are over 18 and have a full UK licence.
  • How your claim is calculated, handled and settled is trading standards approved.
  • We will pay up to £250 towards your motor insurance company's excess.
  • Up to 90 days of European cover.
  • No administration fees.
  • Free policy transfer subject to eligibility.
  • There is a 30-day cooling-off period during which you can cancel and receive a full refund as long as you have not made a claim.

 

Please see the policy documents below for a complete list of terms and conditions.

 

Maserati Gap Insurance cover is available from TLG

 

IPID for Maserati Total Loss Contract Hire policies purchased from June 24TLG Loss IPID From June 2024            T&Cs for Maserati Total Loss Contract Hire policies purchased from June 24Total Loss Contract Hire From June 2024

 

Maserati Combined Return to Invoice Gap Insurance from TLG

Maserati Total Loss RTI IPID from June 24TLG Loss IPID From June 2024            Maserati Total Loss RTI Terms from June 24Total Loss Return to Invoice From June 2024

 

Maserati Vehicle Replacement Gap Insurance from TLG

IPID for Maserati Total Loss Vehicle Replacement Policies purchased from June 24TLG Loss IPID From June 2024            T&Cs for Maserati Total Loss Vehicle Replacement Policies purchased from June 24Total Loss VRI GAP From June 2024

 

 

Which level of Maserati Gap Insurance from TLG is best?

The quickest way to determine which level of Maserati Guaranteed Asset Protection Insurance from TLG is best for you is to click for a quotation. Our system will ask you questions about you and your Maserati and then offer you up to 2 different levels of gap insurance depending upon your circumstances. For an instant quote and to see which level of gap insurance will be best for your Maserati, please follow this link: Total Loss Gap Insurance for your Maserati.

 

At Total Loss Gap, we can also offer a variety of additional insurance cover options to help protect your Maserati, such as;

 

Brief introduction to the History of Maserati

 

Maserati is an Italian uber luxury car maker that was established in Bologna, Italy, on December 1, 1914. The company's original mission was to produce race cars. However, Maserati quickly became famous for its engineering prowess and racing success. The Fountain of Neptune in Bologna's Piazza Maggiore inspired the famous Maserati trident logo.

 

Over the years, Maserati has produced iconic road and racing cars, including the Maserati 3500 GT, the Ghibli, the Bora, and the Quattroporte. Notably, Maserati has been owned by various companies, including the Italian state, Fiat, and, most recently, Fiat Chrysler Automobiles (now Stellantis).

 

Maserati's heritage is deeply rooted in motorsport, and the brand has a long and successful history in racing, winning numerous titles. Today, Maserati continues to combine luxury, performance, and Italian craftsmanship in its modern lineup of cars, including the Ghibli, Quattroporte, Levante, and the upcoming MC20 supercar.

 

A Gap Insurance policy from Total Loss Gap can offer cover for vehicles up to 8 years old with up to 80,000 miles purchased within the last 180 days or up to 365 days if your vehicle was brand new when you collected it. (T&C’s apply)

Various levels of Gap Insurance cover is available for the Maserati 2024 range vehicles such as the Grecale, Ghibli, Levante, Quattroporte, GranTurismo and GranCabrio, provided the vehicle value does not exceed £100,000.