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Guaranteed agreed value car insurance

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  • 22-05-2022 5:47pm
    #1
    MarkyBoi30
    Registered Users Posts: 35 ✭


    Hi, does anyone know of a car insurance company who will insure my car for an agreed value? Or a company in ireland who do 'gap insurance' which will top up the difference between what I would get from my insurance company versus an agreed valuation of the car should it be written off? I have seen this in the UK but doesn't seem as common here. Thanks.



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    #2
    coylemj
    Registered Users Posts: 25,455 ✭✭✭✭coylemj


    If you buy a brand new car and have a fully comprehensive policy, some companies will cover you for the cost of a replacement new car (no depreciation) in the first 12 months. That's probably the nearest that you get to what you're looking for in the Irish market.

    Otherwise, the principle is that you can only claim up to a max. of the current street (resale) value. If they paid out more, you'd be making a profit on the claim and that is generally not allowed.



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    #3
    Eggs For Dinner
    Registered Users Posts: 2,982 ✭✭✭Eggs For Dinner


    You can get Gap Insurance in Ireland, Google will tell you who the players are.



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