GAP - Finance

Our Motor GAP (Finance) insurance provides cover in the event that the policyholder's vehicle is classed as a total loss by their motor insurer following a motor accident.
The policy pays the difference between the amount of the early settlement figure on the vehicle’s finance and the settlement received by the policyholder from their motor insurer, ensuring that they aren’t left with a shortfall that they must fund themselves.

 

Coverage

If an incident occurs which results in your vehicle being classed as a total loss by your motor insurers, this policy will pay the difference between the greater of the amount received from your motor insurers or the market value of the vehicle at the time of the accident (by reference to Glass's Guide) and the balance payable to the financier of the vehicle including any interest owed.

The policy provides cover for events occurring in England, Scotland, Northern Ireland, Wales, Isle of Man and the Channel Islands and extends to the European Union, Croatia, Iceland, Norway, Switzerland, Liechtenstein and Andorra for a maximum of 90 days in any 12 months of cover, providing the cover provided by your motor insurer is of an equivalent level as they would enjoy in the United Kingdom.

The policy will provide GAP cover up to £20,000 for vehicles valued up to £50,000.

There is nil excess to pay in the event of a claim.

Please refer to the sample policy wording and key facts document below for details of the terms and conditions that apply to this policy.

Sample policy documents

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From £20.02

Purchase now

The premium shown above is the base, "starting from" premium, and is subject to change depending on the answers provided during the application process.  Please click on 'Get your price' to start the application process.

Please note:
The premium shown above is the base, "starting from" premium, and is subject to change depending on the answers provided during the application process.


Contact us today:

 

 01 213 5000

         

martin.adams@arachas.ie