GAP Insurance – Return to Invoice
Return to Invoice (RTI) GAP Insurance is a popular type of GAP cover which ensures you’re protected in the event of a write-off, covering you for the gap between what you paid for the vehicle or any outstanding finance and the insurer payout.
What is RTI GAP Insurance?
A lot of motorists don’t consider what a write-off to their vehicle really means - the finest insurers will only compensate you for the current market value of your car. However, as soon as you drive off the forecourt, your car will depreciate, typically by 60% in three years, leaving you out of pocket if the worst happens.
If your car is written off or stolen and not recovered, your motor insurer will usually pay its market value at the time of the loss. RTI GAP Insurance helps bridge the gap between that settlement and the price you paid for your vehicle, when your GAP policy started, subject to the policy terms and claim limits.
This means you can enjoy the reassurance of knowing that your investment in your car has additional protection if the unexpected happens.
An RTI GAP policy covers new and used vehicles that have been purchased from a VAT registered dealer within the last six months. Used vehicles must be under 8 years old and have fewer than 100,000 recorded miles.
If you have purchased your vehicle under a lease agreement, the RTI policy will pay the difference between your insurer’s settlement and the lease early termination charge required by the lease company. Get a quote today for ultimate peace of mind.
RTI GAP Insurance features & benefits
- The difference between the invoice price of your vehicle and your motor insurance payout.
- Or any outstanding finance or leasing fees are covered
- Avoid paying out in the event of a write-off
- Up to £500 excess is covered
- Coverage to suit you
- Covers European road trips
- Access to the MotorEasy account area full of discounts
How does Return to Invoice GAP Insurance work?
When you buy a car, its value can change over time. If it's written off or stolen and not recovered, your motor insurer will usually pay its current market value, which could be less than you originally paid.
That's where RTI GAP Insurance can help.
Your policy is designed to bridge the difference between your motor insurer's settlement and your eligible purchase price, helping you get back into a replacement vehicle with greater financial confidence.
What does RTI GAP Insurance cover?
- Cover available for all cars up to 8 years old and 100,000 miles
- New or used cars purchased within the last 6 months
- Write-offs due to theft, accidental damage, fire damage and water damage
- This policy covers the difference between your insurer’s payout and either the price you originally paid for your vehicle or the amount needed to settle your outstanding finance balance, whichever is the greater
- Payment is up to Your Insured Vehicle Purchase Price. The maximum benefit payable is £50,000
- Up to £500 of your vehicle insurance policy excess
- Factory and dealer fitted optional extras
- Covers European road trips
Why choose MotorEasy for RTI GAP Insurance?
MotorEasy offers expert advice and competitive, flexible policies with options to suit all drivers. Prices are significantly cheaper than manufacturers and some of the most affordable on the market. We’re regulated by the FCA and have an impressive Excellent Trustpilot rating thanks to our satisfied customers.
Check out the answers to the most common RTI GAP Insurance queries below or head to our comprehensive GAP guide or FAQs for more information.
Frequently Asked Questions
RTI GAP is short for Return to Invoice Guaranteed Asset Protection. It means that you will have your insurance payout topped up to what you paid for your vehicle or alternatively, what you owe to a finance or leasing company, in the event your car is written off.
Motorists who want to be covered for the difference between the price of their vehicle and the insurance payout which will be based on the market value. Additionally, people on finance, PCP, PCH, HP or with a lease vehicle who are looking for peace of mind that their agreement will be settled in the event of a write-off.
Cars acquired in the last six months that are under 8 years old and with less than 100,000 are eligible for RTI GAP.
RTI GAP Insurance is designed to help protect the money you've invested in your vehicle by covering the difference between your motor insurer's settlement and your eligible purchase price.
This ensures you know how your protection works and what you can expect if you ever need to claim.
You should contact MotorEasy as soon as you think your car will be considered a write-off, before accepting any offers from your insurer. You’ll find your policy document in your MotorEasy account with all of the details on the claims process.
RTI GAP cover depends on your specific vehicle and the particulars of your policy such as length and the voluntary excess. Policies start from as little as £4.13 a month (based on a 24 month plan). To get the best GAP insurance price, get a quote today.
RTI won’t payout in the event your vehicle isn’t considered a write off by your insurance or your insurance policy isn’t comprehensive. Additionally, if you’re using your vehicle outside “normal use”, it may not be covered.
Yes, you can get RTI GAP on cars purchased in the last six months which are under 8 years old and less than 100,000 miles.
MotorEasy offers flexible payment options including monthly and annual payments.
No, typically, you can only get RTI GAP if you purchased your vehicle from a VAT registered company or a finance or leasing company. However, RTV GAP Insurance is available for cars bought from private sellers.
