LifestyleInsurances.ie Gap Insurance plugs the hole in your Comprehensive Motor Insurance policy.
Motor insurers will pay the depreciated value at the time of the claim, not the original value at the time of purchase. So, if you buy a car and two years later it is declared a total loss as a result of an accident, fire or theft, your motor insurer offers to pay out only 50% of the amount you originally purchased the vehicle for, claiming that this is the current value of the vehicle that was written off.