Vehicle Replacement Insurance for Mini

Mini Vehicle Replacement InsuranceHas your motor dealer spoken to your about a Vehicle Replacement Insurance policy for your Mini?

If so then you may be looking for an alternative quote, and EasyGap are all too happy to look at a Vehicle Replacement Gap Insurance policy for your Mini.

What is Vehicle Replacement Insurance, or VRI Gap Insurance as it is sometimes known?

Well this level of Guaranteed Asset Protection has been developed because of one reason only. If your vehicle is written off, the replacement model, equivalent to the one you originally bought is likely to be more expensive in the future than it is today.

This is common sense really, most vehicle prices go up over time and Mini are no different. Also, any discount you negotiated on your Mini purchase may well not be available if you have to replace it.

Vehicle Replacement Insurance for Mini

So as you can see, a Vehicle Replacement Insurance policy for your Mini can cover the difference between the vehicle value and the cost of the equivalent replacement model.

So if you buy a brand new Mini Cooper for £20,000 in 2012 and the equivalent brand new Mini Cooper is £23,000 in 2016 then it is this higher amount you can be returned to. One important aspect of choosing any VRI Gap Insurance policy for your Mini is selecting an appropriate 'claim limit' on the policy.

Lets explain what we mean using the figures from the example above.

The Mini was first bought for £20,000 and the replacement model was £23,000 four years later. Lets say that your original Mini, now 4 years old had a value of £8,000. With A VRI Gap Insurance policy from EasyGap, you would require a 'claim limit' to cover the difference between the £23,000 you now need to replace the vehicle and the £8,000 the original Mini is worth now.

This means a claim limit of £15,000 would be required to adequately cover you.

Cheap Mini vehicle Replacement insuranceWhy Vehicle Replacement Insurance for your Mini from EasyGap?

First and foremost, when you are looking to protect your Mini with any Gap Insurance policy, in our opinion, the most important factor for any policy is the underwriting insurer.

In the case of the EasyGap brand, the underwriter for policies purchased prior to 1st January 2017 is UK General on behalf of Ageas Insurance, who are UK based, 'A' rated financially and supply Gap Insurance products throughout the UK motor dealer network. From 1st January 2017, policies are underwritten by AM Trust International Ltd which carries a 'A' financial credit rating. 

Secondly, EasyGap has a reputation for giving its customers the best online premium prices in the UK. Finally, in keeping with our name, we try to make the whole process of buying your Vehicle Replacement Insurance for your Mini as 'easy' as possible.

Our online question system will help eliminate unsuitable levels of cover for your circumstances.

Vehicle Replacement Insurance for your Mini the 'Easy' way!