Types of Gap Insurance
RETURN TO INVOICE GAP INSURANCE (RTI)
- Premiums start at just £73
- For cars owned under 3 Months.
- Available for cars purchased privately or from a dealer
- Click4Gap RTI Gap Insurance is available to you whether you paid cash, borrowed the money from a Bank or Motor Loan or even have a contract hire (PCP) agreement.
- Cars can be up to 7 years old when the policy is purchased
If your car is a Total Loss (stolen or written-off), RTI Gap Insurance refunds the difference between what you paid for it (the “Invoice Price”) and the Motor Insurers depreciated value.
EXAMPLE
This means that if you paid £16,000 for your vehicle and the Motor Insurers settlement if the car is a Total Loss is £10,000, RTI Gap Insurance will refund the difference of £6,000 to you directly.
Price paid: £16,000
Motor Insurers settlement £10,000
Shortfall paid to you by GAP: £6,000
RETURN TO VALUE GAP INSURANCE (RTV)
- Premiums start at just £55
- For cars owned over 3 months
- Available for cars purchased privately or from a dealer
- Click4Gap RTV is available to you whether you paid cash, borrowed the money from a Bank or Motor Loan or even have a contract hire (PCP) agreement.
- Cars can be up to 7 years old when the policy is purchased
If your car is a Total Loss (stolen or written-off), RTV Gap Insurance refunds the difference between the value of your car when you buy the policy and the Motor Insurers depreciated value.
EXAMPLE
This means if your cars value when you buy an RTV Gap Insurance policy is £15,000 and your Motor Insurers settlement if the car is a Total Loss is £11,200 RTV Gap Insurance will refund the difference of £3,800 to you directly.
Price paid: £15,000
Motor Insurers settlement £11,200
Shortfall paid to you by GAP: £3,800
An RTV Gap Insurance policy can be taken out up to seven years after you bought your car!
