GAP - Return to Invoice Insurance
GAP - Return to Invoice Insurance is the premiere Gap Insurance product,
and is designed to return your original invoice cost to you in the event of a disaster.
What is the risk?
In the event of your vehicle being declared a total loss,
your motor insurers will only pay the market value of your vehicle.
You will be required to pay the difference between what your
motor insurers pay and the cost of a new vehicle.
The easiest way to explain the benefits of GAP - Return to Invoice Insurance
is to provide an example:
Example - Vehicle purchased by cash:
You have purchased a new car for £25,000
2 years later it is stolen or written off.
Without GAP - Return to Invoice Insurance
Your Insurers offer you £16,250 in settlement LESS your excess of £250
You will need to find the additional money with which to buy a new vehicle.
The Benefit
With GAP - Return to Invoice Insurance our Insurers will pay you
the difference of
£8,750 and your excess of £250 You have now received the original purchase price of £25,000 and can replace the car at no additional cost to you. |