Guaranteed Asset Protection (GAP)
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In the event your vehicle is considered a total loss/write off by your insurer. Your GAP policy helps to bridge the shortfall paid by your primary insurer and the invoice price you paid for the vehicle or the amount outstanding on your finance agreement (whichever is greater).
Example: Vehicle invoice price: €40,000 Price Paid for Vehicle Estimated Insurance Payout
Why GAP Insurance?
Estimated GAP Payout
• GAP Insurance is a once off payment that offers up to 3 years cover.
100%
• Combined with your comprehensive insurance policy GAP insurance offers you maximum financial protection.
€8,000
€12,000
€16,000
80%
• The policy may pay out more than your insurance company for a fraction of the cost. (Subject to claim limit).
60%
€32,000
40%
€28,000
€24,000
• Your GAP insurance policy is transferable (subject to agreement of the underwriter).
20%
0%
This graph shows how GAP insurance can step in the event of your car being considered a write-off by your primary insurer. It is for illustrative purposes only and not an indication of the amount one should expect from primary insurers.
Year 1
Year 2
Year 3
Existing premiums
€600
€625
€650
€1,875
Estimated 3 year primary insurance premium:
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