If you become one of the unfortunate motorists to have their vehicle stolen where the vehicle is not recovered or becomes involved in an accident where the vehicle is beyond economical repair, then you could find yourself in a dilemma.
GAP Insurance protects you in the event of a total loss due to:
|Without GAP insurance
||With GAP insurance|
|Invoice price new vehicle
|Motor insurance Payout||€15,000||€15,000|
This insurance product will complement your motor insurance by covering the gap between the value of your car and the payout made by your insurer.
GAP Insurance Return to Invoice (RTI) : bridges the financial gap between the total loss payment that you receive from your motor insurers and the amount you originally paid for your vehicle. Return to Invoice Insurance covers your Motor Insurer pays out and the Net Invoice Price you paid for your vehicle, up to the maximum shown on your policy schedule.