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Polestar Gap Insurance
Polestar is a Swedish electric performance car brand focused on refined performance and cutting-edge technology. Headquartered in Gothenburg, Sweden, Polestar aims to improve society by accelerating the shift to sustainable mobility. Its cars are available online in 27 markets across North America, Europe, and Asia Pacific.
The Polestar 0 project aims to create a truly climate-neutral production car by 2030. This initiative challenges employees, suppliers, and the wider automotive industry to act urgently on the climate crisis and drive towards zero emissions.
Read on for more information on Polestar Gap Insurance and how it can help you avoid financial stress if your car is declared a total loss. Alternatively, enter your details for a Polestar gap insurance quote.
What is Polestar Gap Insurance?
Polestar Gap Insurance covers the depreciation of your car from the time you purchase the vehicle, to the moment of loss. You’ll be reimbursed with the difference between the market value paid by your motor insurer, and the purchase value of your vehicle when you bought it. Covering this shortfall means Click4Gap ensures you won’t be left out of pocket.
To get more information on this, check out our detailed FAQ guide on gap insurance, or get an Polestar gap insurance quote by entering your details or by giving us a call on 0208 819 3424, weekdays between 9am and 5pm.
What are the benefits of Polestar Gap cover?
Taking out Polestar gap insurance gives you total peace of mind with a policy that includes many extra benefits. Your Polestar Gap Insurance benefits include:
- 30-day money-back guarantee
- Covers vehicles valued from £10,000 up to £150,000
- Covers your car excess up to £500
- Covers dealer-fitted accessories up to £1,500
- Covers vehicles aged up to 8 years and with less than 80,000 miles travelled
- No age or mileage restrictions during the lifetime of the policy
- Covers all named drivers at no extra cost
- Cover if your vehicle is stolen with the keys
- Cover for personal and business travel
- Cover when travelling outside the UK
- No excess on claims
- Immediate cover, from the moment your premium is received
You paid cash for your car or financed it
Combined Return to Invoice Gap Insurance covers the difference between the purchase value of your car when you bought it, and its market value at the time of the loss. Or, if you financed it, the difference between what you paid for your car and the outstanding settlement amount on your finance contract.
Click here for more information on Combined Return to Invoice Gap Insurance.
How much does Polestar Gap Insurance cost?
The premium is calculated based on the value of your vehicle and the number of years of cover you select. You can choose to pay your premium as a once-off payment, or opt for our convenient monthly payment plan to make your cover more affordable.
When you consider the financial strain you may face if your car is declared a total loss, this is a small price to pay. Click here for a quick and easy Polestar gap insurance quote.
For how long does Gap Insurance cover an Alfa Romeo?
You can select your term of cover from Click4Gap for either a three or four year term, whichever suits you best.
Polestar Gap Insurance – is it worth it?
A car depreciates from the very moment it leaves the showroom, and continues to decline in value year after year.
Let’s say, for example, that you purchased your car for £16,500. Then, some months later it’s written off. Your motor insurer will pay a settlement amount equivalent to the market value on the day it was written off.
If the market value was just £11,200 that means you could be out of pocket by as much as £5,300, which would be for your own account. If you have Gap Insurance however, you’d be able to claim the £5,300 and wouldn’t be left out of pocket.
And, if your car is on finance, your outstanding finance could be as significant as £17,000, leaving you facing a shortfall of as much as £5,500. With Polestar Gap Insurance this amount would be covered, up to a total of £75,000 shortfall, removing this burden from you.
Click here for a quick and easy Polestar gap insurance quote.
