If you suffer a total loss to your vehicle due to a write off or theft, then the amount you get from your comprehensive motor insurance policy will be based on the current market value of the car and could be considerably less than you paid for it. When you InsuretheGap with a Return to Invoice GAP Insurance policy, we’ll cover that shortfall.
When you make a claim on your comprehensive motor insurance policy your settlement is likely to be based on the current market value of the vehicle at the time of the claim. This could be considerably less than the amount you paid for the vehicle and could leave you with a large financial gap, just when you need to find a replacement vehicle. The Return to Invoice GAP insurance policy is designed to get you back to the point you started by closing the gap between your motor insurance settlement and the amount you originally paid for the vehicle.
Cost of vehicle £25,000
Insurance Pays £15,000
GAP Pays £10,000