Vehicle Replacement Insurance Gap

Vehicle Replacement Insurance will provide you with protection against financial loss you may incur as a result of your vehicle being a total write-off due to accident, fire or theft.

VRI will pay the financial shortfall between the amount you receive from your motor insurance policy and the purchase price of a replacement of the nearest equivalent specification of the vehicle insured, up to a maximum of £25,000*.

If the exact vehicle model and specification is no longer available, the the price of the nearest equivalent vehicle will be used.

An example of how VRI works

If you paid £20,000 for your car and your motor insurance pay out is £13,750 VRI will pay the difference to purachase an equivalent replacement vehicle.

If the replacement cost is £21,000 VRI will pay £7,250