Gap Insurance


If your vehicle is written off or stolen before you finish paying the finance on it, your car insurance payouts may not be enough to repay what you still owe and replace your vehicle with another vehicle of equivalent value. Guaranteed Asset Protection (GAP) is designed to cover this financial gap.

Financial peace of mind in case your car is written off or stolen.

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:

  • Accidental damage
  • Fire
  • Theft
  Without GAP insurance With GAP insurance
Invoice price new vehicle €20,000 €20,000
Motor insurance Payout €15,000 €15,000
GAP Insurance €0 €5,000
Shortfall €5,000 €0


A standard GAP insurance policy is sold for two hundred and ninety five euros, for a three year insurance policy, included in the price of this policy is insurer costs of seventy seven euros, government tax of fifteen euros, Dealer commission of one hundred and forty euros and Mobilize Financial Services income of sixty three euros inclusive of any administrative costs. The price of the GAP product and the associated costs will increase due to increasing levels of cover.

The administration costs noted above includes (but not limited too) the following areas of cost: Customer Service, Account management, Website Maintenance, Training Costs, Distribution Costs, Product Information Documents, Qualifications Cost, legal Costs & Documentation Fees.


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.