Protecting your investment in a new vehicle
Insuring what your insurance doesn't!
How often have you heard about someone who has has his or her vehicle stolen or written off and has not been able to replace it with another of a similar value?
Every year, thousands of people in Ireland make a claim on their insurance.
Did you know that in the event of total loss, accident or theft of your vehicle, your insurance company might only pay you a percentage of your vehicles original purchase price, not what you paid for it?
Have you even thought this could happen to you?
What does your GAP policy do?
In the event of a claim, your vehicle insurance may only pay you the current value of your vehicle, BUT
.....if you have GAP Protection, it will cover the balance to your original invoice price.
| Example: Your Car is written off after 2 years |
| Your original purchase price €31,720 |
| Comprehensive Insurnace benefit paid €22,000 |
| Without GAP With GAP |
| GAP pays you €0 €9,720 |
| Your loss incurred €9,720 €0 |
How much does it cost?
The cost of your GAP policy will depend on the value of the car you purchase.
The premiums are illustrated in the table below.
| Car Value | GAP Premium | Maximum Benefit |
| Less than €25,000 | €395 | €10,000 |
| Between €25,000 and €49,999 | €475 | €15,000 |
| Between €50,000 and €74,999 | €595 | €22,500 |
| Between €75,000 and €125,000 | €750 | €22,500 |
Contact David Edwards for full policy details.
Tel: 071 9115333
e-mail: david.edwards@connollys.ie
