Return to Invoice GAP Insurance

Return to Invoice GAP Insurance is one of the most common types of GAP insurance and is best suited to those who own their car outright or financed their car purchase using a personal loan.

What does RTI GAP Insurance cover?

If your vehicle is written off or stolen, Return to Invoice GAP Insurance pays the difference between what your motor insurer pays you and what you originally paid for the vehicle (the invoice price).

How do Return to Invoice policies work?

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You buy a car

Let’s say you decide to buy a £30,000 car using a bank or building society loan.

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Your car is written off

2 years later, your car was deemed a ‘total loss’ by your motor insurer after a collision. Due to your car losing value over time (depreciation), your vehicle is now only worth £20,000 and your motor insurer agrees to pay you this amount as a settlement.

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You’re left with a financial shortfall

This leaves you with a financial shortfall of £10,000, meaning you may not be able to buy a replacement car of a similar spec to the one that was written off.

What’s more, it’s likely you’ll need to continue paying the loan repayments using other financial means.

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Your GAP policy reimburses you

Our Return to Invoice GAP Insurance policy will pay the difference between what your motor insurer pays you (£20,000) and what you originally paid for the vehicle (£30,000), which in this example would be £10,000.

Return to Invoice features and benefits

Pays up to £50,000

Provides up to 4 years GAP cover

Pays £250 towards your motor insurance excess

Covers vehicles up to £150,000 in value

Covers manufacturer fitted extras

Covers cars & vans

Available to individuals and businesses

Covers all drivers who are legally allowed to drive your vehicle

Return to Invoice policy restrictions

Vehicle must be deemed a ‘total loss’ by your motor insurer

Vehicle must be less than 10 years old

You must have Comprehensive Motor Insurance in place

You must be 18 years old or over

Vehicle must have been purchased within the last 90 days

You must be a UK resident

Vehicle must have covered less than 100,000 miles from date of registration

For details on all policy benefits and restrictions, please read our Return to Invoice policy wording before purchasing.

Should I buy a Return to Invoice policy?

A Return to Invoice GAP policy could be beneficial to you if:
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You purchased your vehicle using a personal loan or cash

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Your car is likely to drop in value between now and when you finish paying off your loan

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You want to claw back all of what you originally paid for the vehicle

The easy way to buy GAP insurance

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