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Have you bought a BMW car?
The iconic German manufacturer has long been associated with superb built quality, but that comes at a cost. Find out what Total Loss Gap can offer you to protect your car.
If you are buying your new BMW from a VAT-registered motor dealer, you may be looking at a range of products the dealership offers. Total Loss Gap can provide several alternatives for you to compare and consider. Remember, we only sell insurance products, so we understand the market. We want to show you why our products for your BMW will provide better cover features and better value premiums.
There are five primary products that we can provide for your BMW.
If you are considering a Gap Insurance policy for your BMW, then this is how our Total Loss Gap Insurance product can work for you.
Suppose you buy your new vehicle and it is involved in a fire, theft or accident in the future that leads to the motor insurer declaring the car a 'total loss' or 'write off'.
In that case, this may involve your fully comprehensive insurer only offering you the vehicle's value at the point of loss, not the price you paid.
A Total Loss Gap Insurance policy can cover the difference between the motor insurer's settlement and the highest of:
The bonus is that our policy has no upper 'claim limit' to cover the difference required.
Suppose you buy a new BMW 520d M Sport 4dr Step Auto for £36000. Suppose you take it on PCP finance over four years with a balloon payment of £12,000 in 4 years.
After three years, your BMW is stolen, and your motor insurer offers a settlement of £16,000, and your finance settlement is £17,000.
Your Total Loss Gap will cover the difference between the motor insurer settlement at £16,000 and the higher of
So, in this case, the Total Loss Gap Insurance policy would cover the replacement cost (£38,000), as this is the highest when you make a claim from the £16,000 your motor insurer has settled. Out of your total £38,000, you can pay off your finance at £17,000. This will leave you £19,000 for a deposit for a new vehicle in this example.
The policy will also cover up to £1500 of additional dealer accessories, shown on the sales invoice when you bought the vehicle. Items could include paint protection treatments or tow bars, for example.
Finally, our policy can also cover up to £250 or any excess deducted from the motor insurer settlement at the point of total loss.
The idea with Total Loss Gap Insurance is that it provides the very best outcome and takes away the initial guesswork when buying your car. How do we do this?
If you are considering Gap Insurance for your vehicle, then once you have done your research, you will probably be faced with a choice of potentially three different types of Gap Insurance, namely
The obvious question is, 'Which one is best for me?'
It depends on several factors:
Then, when you have considered all of these questions, you are faced with working out how much coverage you need. This is done by selecting a 'claim limit' on the policy. Your motor dealer may have offered you a Gap Insurance with a fixed claim limit, with no option to change this even if you need more than that for the vehicle purchase you are making.
If you have a BMW, you undoubtedly have a very nice set of shiny alloy wheels. When you pick up your vehicle, it will look pristine, but driving on today's roads, it can be challenging to keep it looking that way.
That is why more and more people are looking to Alloy Wheel Insurance to cover the cost of repairing damaged alloys. This is where Total Loss Gap can provide you with what we believe is one of the best Alloy Wheel Insurance products today.
Before we explain why Alloy Insurance from Total Loss Gap may stand out from the crowd, we will first explain precisely what alloy wheel insurance does.
If you suffer accidental or malicious damage to your alloy, a typical example would be when you rub against a kerb and scuff the alloy. The cost of this unsightly repair can be something like £100-£150 and, in some cases, even more.
With Alloy Wheel Insurance from Total Loss Gap, you can cover the cost of such a repair. If you claim on the policy, then our Claims Team will arrange for a mobile repairer to come to your home or place of work and do the repair in situ. If the repair is such that the mobile repairer cannot do it, then we can send the alloy off to a specialist factory refurbisher by courier. Or, if you prefer, with the claims team authorisation, you can nominate your local repairer. Drive in, have the report and drive out. It is impossible to have an account with every repairer in the country, so it may be that you will have to pay for the repair and then send the invoice in to be reimbursed. In this case, the claims team can authorise up to £250 per claim.
Just a few reasons for you
For more details on our Alloy Wheel Insurance, please follow this link - Total Loss Gap Alloy Wheel Insurance for BMW
Tyre Insurance is designed to protect you against the costs of replacing or repairing a tyre on your BMW that may have been damaged maliciously or accidentally.
An example of this may be when you drive over a pothole or a nail, and your tyre suffers damage that may require replacement. Replacing a tyre can be relatively high; however, if you take a tyre insurance policy, you can cover these costs should these incidents occur.
Our coverage can also cover the puncture repair cost, should this be appropriate.
Just a few reasons for you
For more information on how Tyre Insurance may work for your BMW, please follow this link - Tyre Insurance for BMW
A Complete Wheel Protection package may be perfect if you are considering both the Alloy Wheel Insurance AND the Tyre Insurance for your BMW.
This policy combines Alloy Wheel and Tyre Insurance into one policy. You get all the features for each policy as if you bought them separately, but by combining the covers, the cost of the policy is lower than buying the individual products.
So with a Complete Wheel package, you can claim up to 4 Alloy repairs AND 4 four Tyre replacements or repairs per 12-month period.
To confirm the features of the Alloy Wheel Insurance and Tyre Insurance combined means :
All rolled into one convenient policy.
Have you ever suffered the annoyance of getting a scuff on your bumper or perhaps a trolley ding in the side of your car? The beautiful condition in which you pick up your vehicle can be challenging to maintain with the increased traffic on the UK roads and the seemingly tighter spaces found in car parks. The sinking feeling you get when you return to your vehicle to see damage to your bodywork can be aggravating and expensive to repair.
Of course, you can claim for these types of damage on your comprehensive motor insurance policy. However, this may affect your no-claims bonus and your subsequent annual premiums. This adds insult to injury for many.
The alternatives include taking a Scratch and Dent policy. Scratch and Dent policies will allow you to cover the costs of minor cosmetic damage on your vehicle in one insurance product. Now, Scratch and Dent Insurance is not a miracle cure for any damage to a vehicle. For example, where the damage is such that a body shop must repair it, we cannot cover this eventuality. The Scratch and Dent Insurance would allow you to get a scuff or scrape that can be repaired by a mobile repairer using the SMART repair techniques. Scuffed bumpers and trolley dings to your doors are typically the type of damage that can be claimed for on this policy.
These are just a few reasons.
For more details on Scratch and Dent Insurance, please click the following link - Scratch and Dent Cosmetic Repair Insurance for BMW.
So there you go. A range of insurance products are available for your BMW car purchase from Total Loss Gap.
If you need any further information, please call us on 0800 195 4926 or 0151 647 7556 or email us via this link - Email Total Loss Gap
* Pre-existing damage which happened before the policy purchase is not covered.
Please note we are not the official BMW provider for these products; we offer an independent source for products suitable for your car purchase and allow you to compare them with the cover provided by your dealer.