Shortfall Insurance for Nissan

Why should you buy Shortfall Insurance for your Nissan?

Gap Insurance is a supplementary insurance policy that runs alongside your own Motor Insurance and ensures that if you are ever in the unfortunate position of having your Nissan written off, either through an accident or theft, you are not left significantly out of pocket financially.

Please remember that your own fully comprehensive insurance is only ever legally obligated to offer you the market value of your Nissan on the day it was written off. Factor in deprecation and any settlement you receive could be a fraction of the original purchase price you paid.

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What is Gap Insurance and how can it work for you and your Nissan?

There are three different types of Gap Insurance protection, depending on what you would like your Gap Insurance policy to do.

After all, it is your Nissan, your money, and your choice about how you want to be protected if and when your car is written off.

Each will protect you in different ways and some will only be available if you have purchased your vehicle using certain types of financial packages. Alternitivly some are more designed for cash buyers or owners who have an option to own at the end of their agreement.

Return to Invoice Gap Insurance will pay the difference between your motor insurer's settlement figure and the amount you originally paid for your vehicle.

Vehicle Replacement Gap Insurance will pay the difference between your motor insurance companies offer and the amount necessary to be able to buy the same standard of vehicle again that you drove away from the showroom in, same age, mileage etc.

Finance and Contract Hire Gap Insurance quite simply pays the difference between your motor insurer's settlement and the remaining balance that is outstanding on any finance agreement, leaving you to walk away in the same financial position as you were originally.

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History of Nissan

Nissan Motor Company is a Japanese automobile manufacturer which was founded in 1933. As part of the Renault-Nissan alliance, the company is the world's sixth-largest automaker. The history of Nissan dates back to Masujiro Hashimoto, who founded Kwasishinsha Motor Car Works in 1911. By 1914 the company introduced its first car, which was known as the DAT. The company renamed itself DAT Motorcar in 1925.

In 1928, Yoshisuke Aikawa founded the company Nippon Sangyo, which was abbreviated to Nissan on Tokyo's stock market. In 1930, the company would take over DAT Motors, and by 1934, the Nissan Motor Company was founded. During the Second World War, Nissan manufactured trucks, airplanes, and engines for the Japanese war effort. In 1952 it merged with British automaker Austin, and in 1996, it merged with a fellow Japanese automaker, the Prince Motor Company. Successful, well-known models such as Skyline and Gloria were introduced during this partnership.

Between the years 1993 to 2002, the company partnered with the American giant Ford. However, because of financial difficulties near the end of the 1990s, it joined with French automaker Renault. It formed the Renault-Nissan alliance, which would be the first time the two countries had worked together on automobiles. This alliance would be seen by many in the automobile industry as one of the 'most spectacular corporate turnarounds in history.

The CEO of Nissan, Brazilian-born Carlos Ghosn, is credited with this turnaround, considering the company was on the verge of bankruptcy in 1999. To take advantage of its incredible success, German automaker giant Damiler AG acquired a small stake in the company in 2010. Through this partnership with Damiler AG, the two companies are investing in fuel-efficient cars. The company also owns Nissan Marine, which manufactures motors for boats.