Shortfall Insurance for Dacia

How Can Shortfall Insurance Protect Your Dacia?

This page has been written to assist your understanding of Shortfall Insurance, also known as Gap Insurance and to help you to recognise why investing in protection could be money well spent.

We know that many online providers have a tendency to write long, complicated articles that often result in customers being left more confused than when they started. We try to be different.

Most of our customers inform us that they first heard about Gap Insurance while at their local Dacia dealership. Here you can expect to be quoted anything between £399 to £1000. While the concept is good the price can be so off-putting that lots of customers tell us that they instead decided to search online.

Gap Insurance is not a difficult insurance to understand if you break it down.

1. You buy a car.

2. From the moment that you buy your car it starts to lose value (this is because unless you have a classic or very rare prestige vehicle, cars are normally classed as a depreciating asset).

3. If it is written off your own insurance company is only ever legally required to offer you the value of your car on the day it was written off.

4. The difference between values (e.g the difference between the insurance company settlement and the purchase price you paid) creates a gap.

Gap Insurance protects you against this gap or shortfall. The level of protection you need will depend on a number of eligibility criteria.

a. The type of car you have bought.

b. What you are using your Dacia for.

c. How you paid for your Dacia.

d. How old your car is.

c. How long you have owned your Dacia.

Our system, or customer service operator if you prefer, will ask you a number of questions about you and your Dacia and then offer policies that offer different levels of protection. So why not click or call and see just how affordable gap insurance for your Dacia can be?

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History of Dacia

As you may well know, the Dacia brand is a Romanian brand and is now a subsidiary of the French car manufacturer Renault. The company was founded in the iconic year of 1966 arguably one of the most important years in history for those football fans out there.

The Dacia company began by acquiring the designs and the tooling as it was known, to build replica cars under license. The first of which was the Renault 12 model and before building the Renault 12 they decided to produce the Renault 8 for Renault to generate income and get the brand name out into the Automotive world.

The first batch of Dacia 1300's was assembled and ready for use on the 23 August 1969 and was a part of the Paris and Bucharest motoring shows that year. The current Dacia range in the UK has a long waiting list for certain models and the same applied for the release of the Dacia 1300.

Just 12 months after the first release of the Dacia 1300, there were a number of variants with the top of the range being the Lux Super. The range topping model at that time had a number of features that were then very rare and hard to come by. These features included a heated rear screen, windscreen mirrors and a radio.

A decade on, the Romanian brand had gone from strength to strength as the design team continued to churn out new and exciting ideas. The 1980's as a decade was one that was full of developments and different directions that the brand may have gone in. They produced everything from a car to a pick up truck and even a limousine.

1998 was a celebrated year for the brand as they celebrated the anniversary of 30 years since the first Dacia rolled off the production line. The Romanian brand witnessed the production of the 2,000,000^th Dacia model in that year along with the complete restyling of the successful 1310 model.

The Dacia brand had always had something to do with the French brand Renault and in 1999 Renault decided to purchase Dacia. The idea for Renault was to turn Romania into the central hub of development for both central and eastern Europe. The Dacia brand has since gone from strength to strength and is still growing year on year.

The Romanian brand is now one of the pioneering brands in the Automotive industry after manufacturing and maintaining the most budget brand of the century.

Other manufacturers such as Peugeot, Citroen and Fiat are now looking to mimic the individual ways of the Dacia brand in the way of challenging the price and the ability.