GAP Insurance Guide

All GAP Insurance products are designed to protect your investment, and any outstanding debt that might occur should you have an accident and your car is declared a write off.

As an actual provider of GAP Insurance, we have more expertise in claim patterns and accident probability than other insurers, which in turn enables us to keep our insurance premiums in align with your own needs, helps you save even more costs, and creates an even more effective cover for you!

GAP Insurance (Guaranteed Asset Protection)

Pays shortfall between motor insurers settlement and the outstanding finance on the car

If your car is stolen or written off, GAP Insurance will pay the difference between the amount paid by your insurance company, and the amount outstanding on finance.

GAP Insurance has a maximum amount that can be paid out, which is optional at purchase. The more you want to be payable on claim, the more your policy will initially cost you. GAP Insurance works as follows: If your car cost £14,500 and is written off with £13,950 left on finance, your car insurance will only pay the market value of the car, for example £9,400. GAP Insurance will top up your payment to reach the value of the outstanding finance, meaning it will pay out £4,450 - it's that simple!

GAP Insurance cannot be transferred if you sell the vehicle, as it only covers the person or company who paid for the insurance whilst the car is under their ownership.

RTI Insurance (Return To Invoice)

Pays shortfall between Motor Insurance payout and the original invoice price

If your car is stolen or written off, RTI Insurance will pay the difference between the amount paid by your insurance company, and the price you originally paid for the vehicle.

RTI Insurance has a maximum amount that can be paid out, which is the original purchase price of your vehicle. For example, if your car cost £20,000 and is written off at a market value of £14,000, your insurance will only pay out £14,000, but your RTI Insurance will top up your payment to reach the original value of your car, meaning it will pay out £6,000, it's that simple!

RTI Insurance cannot be transferred if you sell the vehicle, as it only covers the person or company who paid for the insurance whilst the car is under their ownership.

VRI Insurance (Vehicle Replacement Insurance)

Replaces your car with a brand new equivalent model

If your car is stolen or written off, VRI Insurance will pay the difference between the amount paid by your insurance company (the market value), and the price of replacing your car with a brand new equivilent model, even if the price has increased!

For example, if your car cost £20,000 and is written off at a market value of £14,000, your insurance will only pay out £14,000, but your VRI Insurance will top up your payment to reach the value of a new car like yours, it's that simple!

VRI Insurance cannot be transferred if you sell the vehicle, as it only covers the person or company who paid for the insurance whilst the car is under their ownership.