The insurer, Red Sands Insurance Company (Europe) Ltd., is the specialist
in UK motor related insurance products.

• Member of The Association of British Insurers (A.B.I.)
• A voluntary member of the Financial Ombudsman Scheme
• European Regulated
• Underwrite one of the UK's largest Mechanical Breakdown Insurance books
• Your policy is protected by the Financial Services Compensation Scheme

For further information about Red Sands please visit www.redsands.gi

VRI will pay to you the difference between the settlement you receive from the Comprehensive Motor Insurance Policy and the cost of a replacement new vehicle, even if the retail price has increased!

No. Your dealer may put you under pressure to buy from them as it is a good source of commission (as is evident from the increased premiums usually charged).

When an insured person has claimed under their comprehensive and/or fire and theft motor insurance policy and the claim has been settled, with the vehicle forfeited and a total loss payment made.

You can choose a claim limit from £5000 up to £25000

Vehicle Cost £20000.18 months later your vehicle is written off or stolen
Your Insurance Company pays out £15000 and a new replacement vehicle cost £21500
Vehicle Replacement Gap Insurance pays you the difference of £6500

New for old replaces like for like, so your insurer will source your current model from the cheapest place. Wouldn't you prefer the latest model or perhaps even a completely different car?
Don't forget, after the first year you will not only lose the limited cover your insurer offers - you will be unable to purchase VRI as it can't be taken a year after purchase. So yes, VRI is definitely of value if you have "New for Old" from your Motor Insurer.

Cover is available for up to three years or when you sell or transfer ownership of the vehicle, whichever is the sooner.

No, but to take out the VRI you must be a named driver on the vehicles Motor Insurance Policy. The policy should be in the name of the 'Registered Keeper' as shown on your V5 (log book).

Take a look at the following example to help you decide. Your car is stolen or written-off after 18 months: The Purchase Price was £10000: Insurers depreciate the car to £6500 and a replacement vehicle cost £10500
Your VRI policy pays out £4000 most people pay at least £400 a year for Motor Insurance, so three years cover would cost around £1200. In our example the insurance company paid just £6500, do you perceive this as good value for money?
£1200 for a claim of £6500! Your VRI paid £4000, which one looks better value?

You can purchase the policy up to 90 days after you take delivery of your car.

Absolutely yes. The policy relates the difference between the amount your insurance company pay and the price of a new replacement vehicle. Therefore it is as beneficial to cash Customers as it is finance customers.

VRI pays the difference between the amount your Motor Insurance pays in the event of a total loss, and the amount of the new replacement vehicle. The claim limit is the maximum amount the Gap Insurance will pay in the event of a claim (up to £25,000)

The policy terms and conditions state "We will pay the financial shortfall between the amount you receive from your Motor Insurance policy and Purchase Invoice of the New Replacement Vehicle, so effectively if the motor insurance pay out Vehicle Replacement Gap Insurance will also pay out.

Our Vehicle Replacement Gap Insurance is available for new cars and used vehicles up to 3 months old at the "start" of policy.

The premium quoted is the total cost (including ipt) for the entire term. No catches, no extras, no hidden charges.

Yes, if your car is a "Parallel" import. No if your car is a "Grey" imports. See 'What is a Grey Import' for definition.

Simply contact us, supply any information which may be needed to establish the amount of any payment under this insurance and notify the police as soon as reasonably possible. Then wait for the cheque!

As you are aware cars are very safe, designed to crumple in the event of impact - unfortunately this results in more vehicles becoming total loss. OVER 500,000 VEHICLES BECOME TOTAL LOSSES EACH YEAR

When was the last time you rushed to the sound of a car alarm?
CAR CRIME IS 30% OF ALL CRIME

Yes you would be covered under the policy, but only if the driver was within the legal limit for alcohol consumption.

The date of purchase is the date you collected the car.

A vehicle that does not comply with European Union vehicle type specification and which is imported from outside the UK (usually Japan)

Parallel imports will have been produced for a European Member State and will conform to European Wide Type Approval.

Simple, we have been selling Gap insurance "wholesale" to the motor trade for twenty years. Our web-site allows you to buy direct and pay the wholesale premium.