What level of Gap Insurance can Shortfall provide for your Suzuki?

Gap Insurance, like many other forms of insurance, is a form of financial protection that looks to protect you from the effects of depreciation of your Suzuki. As you may already be aware, there are three forms of Gap Insurance available for you to choose from, all of which have different ways of protecting your finances.

Finance and Contract Hire Gap Insurance is the first level of cover for you to choose from and put simply, Finance and Contract Hire Gap Insurance will cover the difference between your motor insurance settlement for your Suzuki on the day it was written off and the outstanding finance you have remaining on the vehicle.

Return to Invoice Gap Insurance is the next level of cover for you to choose from and this level of cover will cover the financial shortfall that is, the difference between the settlement offered by your motor insurance company and the original invoice price of which you paid for your Suzuki model. You would clear any finance and the equity remaining goes back to you.

Vehicle Replacement Insurance is the last level of cover available for you to choose from and is said to be the most universal of all the levels of cover. Vehicle Replacement Insurance will cover the difference between your motor insurance companies settlement and the average cost to replace the Suzuki model with the same standard of a vehicle again, same age, mileage, condition, and specifications as yours was on the day that you originally purchased your Suzuki. From this any finance would be cleared and any balance remaining would be returned to you.

Suzuki is the fourth largest automobile manufacturer in Japan and the ninth largest of such in the world. In 2010, the German automaker Volkswagen acquired a 20% stake in the company and is, therefore, the largest shareholder of the company.

The history of the company dates back to 1909 when Michio Suzuki founded the then Suzuki Loom Works which manufactured weaving looms for Japan's booming silk industry. The company would enjoy great success and export its products throughout the world. In 1937 the company decided to diversify into the automobile market, however with only limited success, mostly because of the events of the Second World War.

Post-1945, because the demand for affordable transportation was so high in Japan, the company began to research and invests in its automobile sector again. By simply adding a motor to a bicycle, Suzuki would begin to lay the foundations for the modern motorcycle. It would successfully provide cheap transport to the Japanese people. The Japanese government would recognize the company’s success and pay him to research more in the development of motorcycle engineering. Suzuki Motor Corporation was now formed. In 1955 the company introduced its first automobile, the Suzulight, again to great success.

The company has three subsidiaries in Canada (1973), India (1981), and Pakistan (1983). Suzuki America was formed in 1985 however it came to an end in 2012.

The company currently has a total workforce of 40,500 throughout manufacturing facilities in 23 countries. It currently sells its products in 192 countries.