GAP and RTI

Your choice between GAP and RTI relies on how you originally purchased the vehicle.  If you have paid for the car outright, you will need our Return to Invoice cover to ensure you get back what you paid for the vehicle in the event of a claim.

If you are paying for the car on a finance agreement, then our Guaranteed Asset Protection cover will make sure that if your insurance payout falls short, you won't be left with the outstanding finance that you owe. Of course, this is subject to the terms & conditions contained in the policy document.

Guaranteed Asset Protection (GAP) Insurance

A total loss may not need to be a total disaster. If your car is stolen or written-off, GAP will pay the difference between the amount paid by your insurance company and any finance outstanding on the vehicle. (Subject to the limits set out in the policy document).

Is there a maximum amount GAP will pay?

Customers can select a claim limit to suit the cost of their vehicle. Claims limits from £5,000 to £35,000 are available.

Can you give me an example of how GAP works?

If you paid £10,000 for your car and your motor insurance pay out is £6,000 and your outstanding finance payment was £9,500 the GAP insurance will payout £3,500.  It's that simple!

Can it be transferred if I sell the vehicle?

Unfortunately not, the insurance only covers the person or company who paid for the insurance whilst the car is under their ownership.

What is the manimum term I can have?

Customers can select their policy terms that range from 12 months cover to 60 months cover in line with the finance agreement but will cease earlier upon the occurance of any of the following events: A paid claim or the repossession of the insured vehicle if subject to a credit agreement.

Return to Invoice (RTI) Insurance

If your car is stolen or written-off RTI will pay the difference between the amount paid by your insurance company and the price you originally paid for the vehicle. (Subject to the limit set out in the policy document).

Is there a maximum RTI will pay?

Customers can select a claim limit to suit the cost of their vehicle. Claims limits from £5,000 to £25,000 are available.

Can you give me an example of how RTI works?

If you paid £12,000 for your car and your motor insurance pay out is £7,000, RTI can pay the difference of £5,000 to top it up to the original of £12,000. It's that simple!

Can it be transferred if I sell the vehicle?

Unfortunately not, the insurance only covers the person or company who paid for the insurance whilst the car is under their ownership.

How long will RTI cover last?

Cover is available for up to three years (depending on premium paid), or when you sell or transfer ownership of the vehicle, whichever is the sooner but will cease earlier upon the occurance of any of the following events: A paid claim or the repossession of the insured vehicle if subject to a credit agreement