RTI Gap Insurance - Return to Invoice
Buy RTI Gap Insurance, or return to invoice gap insurance, underwritten by real UK insurance heavyweight at genuine value for money prices?
If you already know all about return to invoice gap insurance and simply want a quote why not click or call 0800 195 4926 and see how inexpensive protecting your vehicle can be with an Easy Gap RTI - Return to Invoice Gap Insurance policy.
Simply pick the type of vehicle you want a RTI Gap Insurance - return to invoice gap insurance quote for and our automated system will walk you through.
Return to invoice gap insurance pays the difference between your vehicles valuation on the day it is written off and the original invoice price you paid.
Essentially if your vehicle is written off between the two insurance companies ( your own insurance company and your gap insurance company) you will be paid the invoice price back (less road fund which you can claim back from DVLA).
This means that you now have all of your money back so you can now clear any outstanding finance if any and the chunk in the middle, the deposit and the equity you have is yours to do with as you see fit.
This is the most commonly offered from of gap insurance by main dealerships even thought they may have called it something completely different. From RTi, RTI +, Gap protection, Asset protection plus or what ever name they have used the most important aspect is that this level of cover is protecting the invoice price you have paid.
Please remember that not all levels of gap insurance are the same and you will have to read any policy terms and conditions before you buy.
For example did you know that some forms of return to invoice gap insurance will not cover any paint protection or extended warranties and may even limit the price you have paid to a percentage of a guide price so as always read your policy in full and if you do change your mind don't forget that you will have a cooling off period in which you can cancel.
For illustration purposes lets say that you have just bought a new Volkswagen Golf 1.2 TSI S 5 door which according to what car you will have paid in the region of £17880.00
Your Golf is amazing and everything is going well until you return to the car park one day to find a large space where your pride and joy should have been.
Your insurance investigate and decide that your golf has gone and agree to write the vehicle off. Unfortunately you have joined the estimated 600,000 other vehicle owners in the UK each year who have their vehicle written off and while no-one ever plans to have their vehicle stolen or be involved in an accident it happens the length and breath of the UK each year.
They duly send you the value of your Golf on the day it was written off which again according to What Car would be £9010.00.
With out any form of gap insurance this is the only amount that you would have (without using your savings) to either replace your Golf or worse still clear any finance.
This is exactly where return to invoice gap insurance can help.
In this example you would receive
£9010.00 from your own insurance company
£8870.00 from your gap insurance company less the cost of your road fund.
£250.00 towards the cost of your own motor insurance excess.
This means that you know have the full price you paid back which you can use to replace your vehicle.
If you had paid for your Golf using finance then you would need to settle your finance agreement but the the balance would be yours to do with as you see fit.
They also have many policy features so you will be pleased to know that all of our return to invoice policies
Pay £250.00 towards your own motor insurance excess
Cover the cost of paint protection
Cover the cost of Non-Transferable Warranties
The price you have paid is the price you protect as our return to invoice polices are not limited to the cost in any guide price.
Are fully FSA Regulated
Are backed by the Financial Services Compensation Scheme
Come with a 30 day cooling off period
You can defer the start date for up to 12 months free of charge
Free of Charge Accident Management
In fact our return to invoice gap insurance policies have many more features so why not call a member of the team or click for an instant quote and buy return to invoice gap insurance online.
You can buy RTI Gap Insurance (Return to Invoice) for Motorbikes as well as many other vehicles such as motorhomes, cars, vans and motorbikes as well as Taxi's and many other vehicles.
So what is RTI Gap Insurance or Return to Invoice Gap Insurance ?
RTI Gap Insurance can pay the difference between your vehicle's valuation when it is written off and the invoice price you paid. This would naturally exclude any road fund license and extended warranties. Easy!
Fact - Remember your insurance company will only pay you at best your vehicle's market valuation on the day it is written off not what you paid for your vehicle. This difference, this gap can be thousands of pounds!
Return to Invoice Gap Insurance - RTI Gap Insurance can be a good form of Gap Insurance to consider if you have...
- Purchased your vehicle for cash
- Purchased your vehicle from a dealer
- Purchased a vehicle which is under 8 years of age
- Purchased a vehicle under 120,000 miles
- Might want to transfer the policy to another vehicle, or cover outstanding finance on Transferable Combination Return to Invoice Gap Insurance cover.
Every vehicle loses money but some devalue quicker than others, depending what they are being used for and even the manufacturer. So if your vehicle is written off, the difference between your vehicle's valuation and the price you paid can be many thousand pounds. Let me try and explain, for illustration purposes only we have taken one of the most popular vehicles sold in the UK at present, the prices have been taken from Glass' Guide Retail but it could also be a motor home, motorbike or van the concept is the same.
- You have bought a new/nearly new Ford Focus and you paid £16,080
- Less Deposit £1,000
- You buy Return to invoice gap insurance with a £10,000 claim limit
- In 12 months time the vehicle is written off. Glass Guide retail is £10,350
- You get a good settlement £10,600
Wait!!! You want the same type of vehicle again as the Focus served you well but how are you going to find the extra £5,400 to buy another?
RTI Gap Insurance or Return to Invoice gap insurance would pay the difference between your vehicle's valuation on the day it is written off and the invoice price you paid. In this example it is £5,400. This is well within the £10,000 claim limit you set. Remember the claim limit is the maximum amount that the insurance company will pay out in addition to your vehicle's valuation. For real peace of mind a top tip is to check how much extra increasing the value of the claim limit you set will cost as in most cases the cost is just a few pounds and some are even the same.
With prices for RTI Gap Insurance or return to invoice gap insurance cover from under £39, can you afford not to protect your investment? So why not click for an instant quote and cover. As with any insurance policy it will come with some exclusions. Most importantly you need to check that your vehicle qualifies and that you have fully comprehensive insurance.
Please remember at EasyGap Cheap / Low cost RTI Gap Insurance return to invoice gap insurance does not mean a dilution of cover, security, peace of mind or back up it just means better value for money!
You can buy RTI Gap Insurance - return to invoice gap insurance for many vehicles and manufacturers so why not call a member of the team and explore your (RTI) return to invoice gap insurance options.
A common question that we are asked is which claim limit do you need? This is not an easy question to answer as really we are trying to think about realistically what you vehicle may be worth in a set period of time. It will also depend which type of vehicle you are buying. Is it a car, a van, a motor home or perhaps a motorbike?
No one can ever guarantee exactly what your vehicle may be worth but based on average mileage and average usage, the average vehicle can lose up to 50% within the first three years alone.
This means that as a rough rule of thumb we would always ask you to consider at least a 50% claim limit. In most cases the difference in price to jump to the next claim limit up is pennies so you may want to consider this instead.
Please remember that we totally understand that gap insurance is not something that you buy every day and that in fact it can be very daunting for some members of the public so with this in mind we are here to help and support you right the way through.
So please feel free to browse our Website or call a member of the team on 0800 195 4926. Our lines are open Monday to Friday 9am - 7pm and Saturday 10am - 4pm.
No matter if you want to buy gap insurance for your company car, your business van, your motor home or motorbike we are here to help every step of the way from the purchase of your policy to claim, we are only ever a click or a call away.