Buy Proton Gap Insurance

Protect your Proton with Gap Insurance at Easy Gap

Gap Insurance is a form of financial protection that protects you from the effects of market value depreciation. Your Proton model like any other will begin the lose value as soon as you drive the vehicle away from your dealership. If you then wrote your vehicle off, your motor insurer would only ever pay you the market value of your vehicle on the day it was written off.

Gap Insurance would protect you from the effects of depreciation and bridge the financial gap with a number of different forms.

What is Vehicle Replacement Insurance and what can it do to protect your Proton?

For Example, if you have just purchased a brand new Proton Savvy for a discounted price of £6,000 and then in an unfortunate accident write off your car and wanted to replace your brand new Proton just 6 months later, it will be most probable that the car will have returned back to the original cost price of £7,995 or increased further.

This is because over a period of time just as your Proton is losing value the cost of new and nearly new models is increasing. Vat rates, manufacturing costs, even inflation, exchange rates even labour rates and the cost of raw materials means that over time prices will naturally increase. However, a vehicle replacement insurance policy would pay the difference between your Proton's valuation on the day it was written off and the cost price of another Proton Savvy with the same age, mileage and specification as yours was on the day you drove it home from the dealership. If that particular model is unavailable due to the model being discontinued then the settlement figure would be based on the superseding model.

Return to Invoice Gap Insurance for your Proton

Return to Invoice Gap Insurance may have been explained and offered to you during the purchase process of your Proton. This form of Gap Insurance is said to be the most popular level of cover within dealerships in the UK.

Return to Invoice Gap Insurance does exactly as it suggests and will return you to the full invoice price that you paid for your Proton. It will pay you the difference between the market value of your Proton on the day it was written off (i.e your motor insurance settlement) and the original invoice price that you paid. This will ensure that you have the ability to clear any outstanding finance and the full balance, deposit and equity is yours.

If you have purchased your Proton through the form of finance agreement along with a sizeable deposit then this level of cover may be more than ideal for you.

Finance and Contract Hire Gap Insurance for Proton

What would happen if you were involved in an accident in which for example your Proton Satria Neo was injured beyond repair, whether you would like to think about it or not, cars are stolen and people do have accidents each and every day.

Your motor insurer is only legally obliged to pay your finance company the amount that your car is worth on the day that it is written off/stolen, which due to depreciation is likely to be a lot less than it originally was worth. Motoring experts predict that the average car can decreases in value by up 50% and in some cases 60% in the first three years of ownership alone.

This type of Gap protection will pay the difference between the amount that has already been given to the finance company by your motor insurance company and the outstanding balance. Our policies even pay £250 towards your own motor insurance excess.

Proton is Malaysia's first and leading auto mobile manufacturer founded in 1983. Proton is an English acronym for National Automobile Enterprise.

In 1979, Malaysia’s deputy Prime Minister Tun Mahathir Mohamed led the way for the modernisation and acceleration of Malaysia's economy with the creation of Malaysia's first auto mobile industry. In 1982, the government agreed to start the national car project and the first national built car, the Proton Saga model was built in 1985.

Proton models were originally built to cater for the Malaysian left side of the road market and thus first began to export to fellow left side nations including Singapore, New Zealand and most notably the United Kingdom, were it still enjoys great success. Proton also uniquely experienced great success in the Caribbean nation of Trinidad and Tobago within the rental market in the late 1990's.

Proton currently exports its vehicles to all corners of the world and focuses a great deal of attention in the Middle Eastern market, most notably the Iranian taxi market. There are currently over 9000 Proton models on Iranian roads due to the introduction of the production plants on Iranian soil.

Which level of gap insurance do you want to buy for your Proton?

If you simply want to protect the difference between your Proton's valuation and clear your financially liability or if you bought your proton on a form of contract hire your outstanding rentals, please consider a form of contract and finance hire gap insurance.

If you want your gap insurance policy to pay the difference between your Proton's valuation on the day it was written off and the original invoice price you paid or the amount outstanding on finance which ever is the higher, please look at return to invoice gap insurance.

If you want your policy to pay the difference between your Proton's valuation on the day it was written off and the cost of buying another Proton the same age, mileage and condition as your Proton was on the day that you drive it home from the dealership, please consider a form of vehicle replacement.