Imagine this scenario: You paid €23,000 for your vehicle but it gets written off or stolen. Your insurance company values your car at €16,000, leaving you with a potential gap of €7,000. Should this happen Wexford Car Centre GAP Insurance will cover the difference between what you paid for your vehicle and your insurance company’s pay out. Ensuring you are not left out of pocket.
Insurance companies will generally pay you the market value of your vehicle at the time it is written off. With Wexford Car Centre GAP Insurance, you are covered up to the invoice price. Additional cover is available in year 5 if your vehicle insurance pay-out is less than your finance settlement, GAP will pay out the shortfall between your own insurance pay-out and your finance settlement.