What level of Shortfall Gap Insurance is best for you and your Subaru?

Gap Insurance is essentially the missing piece in the financial puzzle that is the situation of writing a vehicle off. As you may know, if you write your Subaru off several years after purchasing the car. It is more than likely that you will receive a fraction of the price you paid for your Subaru model. This is because your comprehensive motor insurer will only pay the market value of your vehicle on the day it was written off or stolen.

Due to market value depreciation, the value of your Subaru is said to depreciate at a level that will halve the value of the vehicle within three years of ownership. Therefore, you will receive half the value of your Subaru model if you were to write the car off. Potentially leaving you with a financial implication that you cannot withstand.

However, this is where Gap Insurance can save you. There are three forms of Gap Insurance available for you to choose from, all of which have different capabilities. The first form of Gap Insurance for you to choose is Finance and Contract Hire Gap Insurance. Which will cover the difference between the market value of your vehicle on the day it was written off or stolen and the outstanding finance you have remaining on the vehicle.

The second level of cover is Return to Invoice Gap Insurance. Return to Invoice Gap Insurance will cover the difference between the market value of your Subaru model on the day it was written off or stolen and the original invoice price you paid for the vehicle.

The last level of cover for you to choose from is Vehicle Replacement Insurance. Vehicle Replacement Gap Insurance will cover the difference between the market value of your Subaru model on the day it was written off or stolen. And the cost to replace the Subaru with the same model, mileage and specification as yours was on the day of purchase.

Subaru is part of the Fuji Heavy Industries group and is also partly owned by Toyota.

The name Subaru originates from the Japanese name for Pleiades, which is an open star cluster, also referred to as Seven Sisters. This shaped the basis of the company's logo, which consists of six stars behind a blue sky. However, it is unknown why there are not seven stars.

The company's history dates back to 1915 with the Aircraft Research Laboratory. The company manufactured aircraft for the Japanese World War Two effort. In 1945 it was renamed Fuji Sangyo Co Ltd. In 1953, Kenji Kita, the company's CEO, decided to diversify into the automobile market. The first car to bear the Subaru name was the 1500 model, introduced in 1954. Other successful models soon followed, such as the 360 and 1000.

In 1968, due to a Government shake-up, fellow Japanese business Nissan acquired a 20% stake in the company. Subaru was modernised during this partnership and successfully entered new international markets. The 20% stake was sold to General Motors in 1999, who sold its stake to Toyota in 2005 because of limited Success.

Subaru is very active in motorsports, successfully racing in Formula One and the World Rally Championships.
The company plays a leading role in researching and developing eco-friendly and electric cars. A large majority of its modern models are built from highly recyclable materials. In 2006 it was awarded the United States environmental protection agency's gold achievement award.

In 2011 the company diversified into the cartoon market with the production of its wish upon the Pleiades series. The Subaru car plays the leading character.