If your vehicle is stolen or written off as a result of an accident, fire or theft, most insurers will only pay market value for your vehicle even if the claim was no fault of your own. Depending on the age and mileage of your vehicle at the time of loss, the market value may be substantially less than the price that you paid for it originally.
Our combined Return to Invoice and Finance GAP insurance will pay the difference between your motor insurer’s settlement figure and the amount you originally paid for your vehicle in the unfortunate event that your vehicle is declared a total loss. And if the amount required to settle the finance agreement is greater than the original invoice price, we will cover the higher figure, meaning you won’t be paying for a vehicle you no longer use.
This pays the difference between your motor insurance settlement (or Glass's Guide retail value whichever is the greater) and the net invoice price you paid for the vehicle.
Combination GAP (RTI) Cover provides you with financial protection for periods from 12 months up to a maximum period of 48 months depending on the level of cover you have purchased.
What happens WITHOUT combination GAP (RTI) Cover?
What happens WITH combination GAP (RTI) Cover?
Administered by: PREMIA SOLUTIONS LIMITED 3 Corunna Court, Corunna Road, Warwick CV34 5HQ. Tel: 01926 622660 Premia Solutions Ltd is authorised and regulated by the Financial Conduct Authority Ref 310089.