GAP INSURANCE EXPLAINED

Depreciation is exactly what Return to Invoice Gap Insurance protects you from.

* Gives you added protection if your car is written off.
* Pays the difference between purchase price and your motor insurers payout.

HOW GAP INSURANCE WORKS

Vehicle Cost
£18,000

Motor Insurance Settlement
£11,000

GAP INSURANCE pay-out
£7,000

INCREASED COVER IF YOUR CAR IS WRITTEN OFF

Guaranteed Asset Protection (GAP) insurance - gives you added protection if your car is written off. Return to Invoice Gap Insurance is great cover for new and used cars and whether you paid cash or borrowed the money from a Bank or Motor Loan or even have chosen a Contract Hire or Lease Agreement. This Gap Insurance pays the difference between the pre-accident, or theft, depreciated value offered by your Motor Insurance and the original amount you paid for your car - which means you are guaranteed to get back the original purchase price in full.

Your motor insurance usually only covers your car's pre-accident, or theft, depreciated value. This can be a whole lot less than its actual retail value.
Take a moment to think about this. From the second you start driving your car its value is depreciating.
So whether you paid cash, borrowed the money for your new car or took out a lease or contract hire you could be seriously out of pocket if your car is a "Total Loss" Unless of course you have the benefit of Return to Invoice Gap Insurance!

RETURN TO INVOICE GAP INSURANCE (RTI) ADVANTAGES

* Refunds depreciation
* Get back what you paid for the car
* Available to cash, personal loan, finance, lease and contract hire customers
* Benefit not affected by the size of your loan deposit
* Available on new and used cars
* Pre-registered and ex-demonstrator cars are covered

Just be sure to ask the following when you are buying a GAP policy from ANYONE
* The one off cost of the insurance
* If they are making a comission
* The length of cover
* Who the provider is
* If there are any special exclusions or clauses

GAP is legally regulated by the FSA, so make sure that your are given an Initial Disclosure Document (IDD), taken through your Demands and Needs (so you aren't mis-sold), given a full Policy Summary and finaly given the FULL Terms and Conditions of your Policy.
If not, you have right to legal recourse.