We are authorised and regulated by the Financial Services Authority for insurance mediation activities.
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.
Combined GAP Insurance
Combined GAP Insurance has been designed to cover the ‘gap’ between the greater of the motor insurance settlement or the market value of the insured vehicle and either the amount you paid for the vehicle, or the finance early settlement balance payable to the finance company if the insured vehicle is declared a total loss within the period of cover.
Vehicle Replacement GAP Insurance
Vehicle Replacement GAP Insurance has been designed to cover the ‘gap’ between the greater of the motor insurance settlement or the market value of the insured vehicle and the replacement vehicle price if the insured vehicle is declared a total loss within the period of cover.
GAP Insurance in more detail
Combined GAP Insurance
Cover and Eligibility:
There is no Maximum Vehicle Age
Dealer Fitted Accessories are coveredThe insured vehicle must be covered by a comprehensive policy of motor insurance issued by an insurer authorised to sell insurance in the United Kingdom throughout the period of cover
Available for vehicles with a maximum net invoice value of up to £85,000
• Dealer fitted accessories, cherished number transfer fees, Road Fund Licence.
• Vehicles not originally built to UK specification, emergency vehicles, motorcycles, taxis, buses, trucks, vehicles over 3.5 tonnes, modified vehicles, vehicles used for tuition or racing.
• If the driver of insured vehicle is under the influence of alcohol or drugs, or the vehicle is unlicensed.
To qualify for Dacia Gap Insurance, you must be over 17 years of age. As with all insurance policies, there are some exclusions. A full list of exclusions/limitations can be found in the What Is Not Covered section on page 7 of the terms & conditions document.
Dacia GAP Insurance is arranged by RCI Financial Services Limited with MAPFRE ASISTENCIA
RCI Financial Services Limited and MAPFRE ASISTENCIA are authorised and regulated by the Financial Conduct Authority. The insurance is underwritten by MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima and administered by Abraxas Insurance Administration Services Limited. English law will be the law which applies to the insurance (unless you ask for another law and the Company agrees to this before the commencement date). You can at any time ask for detailed information about the Company’s compensation arrangements if it goes into liquidation and cannot pay its debts.