Click4Gap Logo

What is RTI Gap Insurance?

Return to Invoice Gap Insurance (RTI) is the best protection for both new and used car purchasers. Available to customers that have purchased with cash, used finance, placed the vehicle under contract hire or lease agreements, Return to Invoice gap protection pays the difference between the total loss depreciated value of the vehicle, and the original price paid for the vehicle.

In other words, with Return to Invoice Gap Insurance (RTI) you can be sure you will receive the full purchase value back in the event of a complete vehicle loss through an accident resulting in an insurance write-off, or a theft resulting non-recovery of the vehicle.

The advantage of using Return to Invoice Gap Insurance is that it helps to refund the vehicle’s depreciation, so you get back what you originally paid for the car. It is available on new and used cars, and it is available when buying for cash, using a loan or even when using finance options.

How does RTI Gap Insurance work?

Here’s an example:
Car purchase value – £ 16,000
Value of your car at Total Loss – £ 10,000
Gap Insurance Pay-out – £ 6,000

This type of gap insurance applies to all vehicles registered and used within the United Kingdom. The vehicle needs to have a comprehensive motor insurance policy, and be no more than seven years old. RTI gap insurance packages are there to help you, the customer, get the balance between the original purchase price of the new or used car and the value your comprehensive motor insurance company pays out.

Contemplate where you would be right now if your car happened to be stolen or written-off by your motor insurer due to an accident. The value of your vehicle is calculated on the day of the total loss, and due to depreciation, there could be a significant difference between what you paid originally and your pay-out, leaving you with debts or payments outstanding on a vehicle that you have not even had the opportunity to truly enjoy yet.

Nowadays, it has become so much cheaper and more time efficient to shop online. With merely a few clicks of a button, your products are chosen, and the purchase completed.


Related Reading: The Different Types of Gap Insurance


Do You Need Gap Insurance?

If you purchase or lease a new or nearly-new vehicle (up to four years old), this is the period of time your car depreciates the fastest. During this time you should seriously consider Gap Insurance.

Choosing The Right Gap Insurance For Your Car

Whichever method you choose to pay, there is a GAP insurance policy that is right for your vehicle, personal circumstances and financial position. GAP insurance is available for new and used cars.

Combined Return to Invoice Gap Insurance

If you paid cash for your vehicle, or paid a sizeable deposit, or if you financed it, Combined RTI Gap cover will pay out the shortfall between the cost of your vehicle and the market value at the point of claim, which is the amount your motor insurer will cover. This is cover that will protect you no matter if you use your vehicle for private use or for business.

Lease/Contract Hire Gap Insurance

If you leased your vehicle or it is under a contract hire agreement, Lease/Contract Hire Gap Insurance will cover you for the shortfall on your lease agreement, after your motor insurer settlement. If, for any reason, you change your vehicle within the first 90 days from the start date, we will also arrange to transfer your cover to your new vehicle without hassle or charge.

Can you pay Gap Insurance monthly?

If you’re looking for the convenience and affordability of a monthly payment option, Click4Gap offers you a non-financed agreement that enables you to pay a 20% deposit on purchase, followed by nine monthly instalments to cover the balance.

You won’t be signed up to a credit agreement, we’ll require no credit references or searches, and it isn’t subject to any changes in interest rates. For more on paying monthly for Gap Insurance click here.

Contact Click4Gap Today!

Looking to take out GAP insurance? We are here to help. Hop on our Live Chat, call us any time Monday to Friday, 9am to 5pm on 0208 819 3424, or Email us and we’ll get back to you during office hours.


Related Reading: Click4Gap Ranked #1 On MoneySavingExpert For Gap Insurance