Financial peace of mind if your Dacia is written off or stolen


If your vehicle is written off or stolen before you finish paying the finance on it, your car insurace payouts may not be enough to repay what you still owe and replace your vehicle with another vehicle of equivalent value. Guaranteed Asset Protection (GAP) is designed to cover this financial gap.
This insurance provides cover for the financial shortfall between the amount you receive from your motor insurance policy in the event of your vehicle being a total loss following damage, fire or theft in the Republic of Ireland and the greater of the amount you paid for the vehicle or the outstanding balance you require to settle your finance agreement, up to the claim limit of the policy.

GAP Insurance will also cover the financial settlement if it is greater than the invoice price on the day of total loss.
If you become one of the unfortunate motorists to have their vehicle stolen where the vehicle is not recovered or becomes involved in an accdient, where the vehicle is beyond economical repair, what are your options?
In this scenario:
  1. Will your insurance only reimburse you the market value of your vehicle?
  2. Would the insurance settlement reimburse you the full value of your vehicle?

If your insurance company does not reimburse you the full value of your vehicle, you will have to: 
  • Use your own funds from hard earned savings 
  • Take out a loan for the difference 
  • Use the insurers pay-out to purchase a vehicle of lesser value, older or of lower specification 
Or like many of our customers, you can take advantage of the features and benefits of GAP insurance.
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Personal Contract Purchase (PCP)
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Hire Purchase (HP)