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Combined Return to Invoice Gap Insurance

When your car is written off or stolen, your motor insurer will settle your claim at the market value of your vehicle at the time of loss. This can leave you with a gap of thousands of pounds, and wondering how you’ll ever manage to afford a replacement… and still pay off the shortfall.

When you take out Click4Gap Combined Return to Invoice (RTI) Gap Insurance, you can feel secure in the knowledge that you won’t be left out of pocket should this ever happen.

Our Combined RTI cover means that if you paid cash for your car, you’ll be covered for the difference between the purchase value (what you paid for it when you bought it), and its market value at the time of the loss… and if you financed your car, you’ll be covered for the difference between the market value that the insurer will pay-out, and the outstanding amount on your finance account, subject to the policy terms. Added to this, you can expect the claim to be paid out directly to you in a matter of days.

You’ll be comfortable knowing your Combined Return to Invoice Gap Insurance cover guarantees you:

  • Up to £50,000 gap cover
  • Covers cash and financed vehicle purchases
  • Gap protection for up to 4 years
  • 30-day, no risk, money-back guarantee
  • Up to £250 towards motor insurance excess
  • Up to £1,500 in dealer-fitted accessories
  • Cover for any driver named at no extra cost
  • Cover if your vehicle is stolen with the keys

You’ll find full details in the policy documents below, please read them carefully:

Combined RTI Gap Insurance Policy Wording

Combined RTI Gap Insurance Product Information Document

If you’d like a copy of your existing policy wording, please email us at email@click4group.co.uk or call us on 0208 8193424 during office hours.

Why Click4Gap for your gap cover?

Here are just some of the reasons to choose Click4Gap for your Gap Insurance:

How we treat you

We’re totally committed to the principals of Treating our Customers Fairly. Whether it’s how we design our products, to putting our customers first in delivering service and managing claims, our goal is to ensure we provide you with clear and transparent information, so you’re empowered to make decisions based on what is right for you. You can see here, how much our customers appreciate that we go the extra mile for them.

How we help you

Our friendly and helpful UK-based Customer Service team are always on hand to answer your questions during office hours. We also have real people ready and willing to help you on our website through our live chat function (you’ll see the link at the bottom right of the web page). Their focus is always entirely on you, to understand your needs and to make sure they can help you to find the right solution.

How you can have confidence in our standards

You can always be assured that we hold ourselves to the very highest standards through being regulated and authorised by the Financial Conduct Authority. To be registered with the FCA we must first prove to them that we meet their stringent requirements, and then continue to follow the rules and standards put in place, in order to maintain our registration.

How we give you stress-free claims management:

You take out your policy with us, so that in the event you have to claim you’ll know we have you covered. That’s why we’ve appointed our specialist claims management partner, AutoProtect (MBI) Ltd. Their qualified and experience technical claims team will manage your claim effectively and efficiently, to make sure they keep the process as stress free as possible, and to settle your claim quickly so you can get on with your life.

But don’t just take our word for it. See what our customers have to say.



How Gap cover works for you

£11,200

Market value at loss,
covered by your
motor insurer

£5,300

Possible shortfall amount,
for your account

If you paid £16,500 cash for your car and a year or so later it’s declared a total loss, after your motor insurance pay-out you could have a shortfall of as much as £5,300. If you have Gap Insurance, this shortfall would be covered in total up to an amount of £50,000, subject to the policy terms, plus up to £1,500 for dealer-fitted accessories and £250 towards your motor insurance excess.

FAQs

What is Combined Return to Invoice Gap Insurance?

If you bought your car using a bank or finance loan, or you paid cash, Combined Return to Invoice or RTI Gap insurance protects you against the impact of depreciation if your car’s stolen or damaged beyond repair, and your motor insurer declares it to be a total loss.

Knowing your car could typically depreciate by up to 60% after 3 years, this could mean a substantial shortfall, which you would have to make up in order to buy another, similar car.

If this happens, your motor insurer will typically only pay out the market value of the car on the date it was declared a total loss, and not the invoice price, or purchase value, which is what it’s worth when you purchase your Gap cover.

The good news is, a Click4Gap Gap Insurance policy will cover this shortfall, paying the difference between the market value and what you paid for it. Or, if you financed your car, it’ll pay the difference between the market value that your insurer will pay-out and the outstanding balance on your finance account.

In addition, you’ll get cover for up to £250 motor insurance excess, and up to £1,500 worth of dealer-fitted accessories.

How does Combined RTI Gap Insurance work?

Let’s take an example. If you purchased your car for £16,500 in cash for instance, and at the time of loss the market value covered by your motor insurer is £11,200, you’ll be out of pocket to the tune of £5,300. Without gap cover, you would need to cover this amount yourself, as well as find the funds for a replacement vehicle.

With Gap Insurance however, this shortfall would be covered, subject to the policy terms, plus you’d also get £250 towards your motor insurance excess.

If you purchased your car with a finance agreement this picture could be even worse. Costing the same £16,500 when you purchase it, a year or so later when it’s written off the outstanding balance on your finance account could be as high as £17,000 with interest and other charges. Your insurer will still only pay the market value, which could be as little as £11,200, leaving you with a shortfall of as much as £5,800!

Again, if you have Gap Insurance, this shortfall would be covered, plus a £250 contribution towards your motor insurance excess.

Is Gap Insurance worth it?

Gap Insurance provides the protection that your motor insurer doesn’t. If your car is declared a total loss by your insurer, they will settle at an amount that reflects its current market value at the time of loss. This could be thousands of pounds short of the price you actually paid for your vehicle, or worse if you’ve financed it and have to consider interest and other charges as well.

Based on the fact that your car could typically depreciate by as much as 60% in 3 years, this could have a significant impact on your financial situation, and could see the purchased of a similar, replacement vehicle as nothing more than a pipedream.

Click4Gap Combined Return to Invoice Gap Insurance will pay out this difference, putting you back in the same position as you were in when you purchased your car… a small price to pay.

Do I need RTI Gap Insurance?

Gap cover isn’t required by law like motor insurance, but in the event your car is stolen or written off, it could be a financial lifesaver. Without a Gap policy to pay out the shortfall between the market value at the time of loss and what your car cost you, or the outstanding balance on your finance account, you’d be left footing the bill for what could amount to thousands.

Check the benefits in the policy wording below and see if this is cover you can afford to be without.

Combined RTI Policy Wording

Can I get Gap Insurance if I bought my car with a finance agreement?

Combined Return to Invoice Gap Insurance from Click4Gap is especially designed to cover you if you financed your car, by covering the shortfall between what your insurer pays out, and the outstanding balance on your finance account at the time of loss. With interest and other charges, this could run into thousands, and save you from the worry of having to pay this off yourself.

Can I get Gap Insurance if I paid cash for my car?

Combined Return to Invoice Gap cover will protect you if you paid cash for your car, by paying your valid claim directly to you, covering the gap between the motor insurer pay-out and the purchase value of your car. This would leave you in the same position you were in before you bought the car, and able to look forward to finding a suitable replacement.

Do I need Gap cover if I have motor insurance?

Certainly your motor insurance will cover the market value of your car at the time it was stolen or written off, but this could leave you with a considerable shortfall as a result of depreciation, or the addition of interest and early settlement costs. This is where Gap cover comes in. Your Combined RTI Gap policy will make up this difference, paid directly to you. This is a financial decision you may well want to consider.

What is total loss?

Your car is likely to be declared a total loss by your motor insurer if any of these events occurs:

  • If your car is damaged in an accident, fire or flood, and the cost to repair it is close to, or more than its market value at the time of loss;
  • Or, in the above instance, if your motor insurer decides that it can’t be safely repaired;
  • Or if it’s stolen and not recovered.

How long after I purchase my car can I still get Gap cover?

You can get Gap Insurance from Click4Gap up to 90 days after you buy your car, and there’s no age or mileage limit, after your policy start date.

Whose name should be on the policy?

A Combined RTI Gap Insurance policy should be either in the name of the vehicle’s owner, or the registered keeper of the vehicle, or the named individual on the car’s finance agreement, whichever applies.

How do I pay for my Gap Insurance cover?

To make this as convenient for you as possible, we provide two ways in which you can pay for your cover:

  • You can make one, single payment through your credit or debit card, and enjoy cover that will start immediately your payment is received.
  • You can pay choose to pay with our convenient monthly payment plan. This means you’ll pay a 20% deposit in month one and then nine, equal payments for the balance. This is not a credit agreement, requires no credit checks, and your cover will start as soon as your deposit payment is received.

How do I claim on my Gap Insurance policy?

Our specialist claims managers, AutoProtect (MBI) Ltd. Have been appointed to provide you with an efficient and effective claim experience.

To register your claim, please follow the process that works best for you:

Or

  • Download the AutoProtect App on your smartphone by searching “AutoProtect GAP”.

Or

  • Text the word APAPP to 88802 and you’ll receive a download link via SMS (texts are charged at your standard network rate).

For more information, please click here.

Does Combined Return to Invoice Gap Insurance cover me if I’m at fault?

As long as you have motor insurance cover and your insurer declares your car a total loss, you will be covered by your Gap Insurance irrespective of whether you are at fault or not.

You can check out the terms and conditions for full details.

Combined RTI Policy Wording

Does my Gap policy pay for my motor insurance excess?

Your Click4Gap gap Insurance will cover up to £250 of your motor insurer excess.

Will I be covered if my car is stolen with the keys?

If the keys are taken from a secure place such as inside your home or office, the total loss will still be covered. If the keys are left unsupervised in your car however, then the vehicle would not be a total loss under your motor insurance policy and your Gap cover would not apply.

When would my Gap cover not pay a claim?

Click4Gap pays all valid claims however, there are a few circumstances in which a claim will not be considered valid:

  • If an uninsured person was allowed to drive the car
  • The driver was under the influence of non-prescription drugs or alcohol
  • The car was being used for illegal activity
  • Instances of fraud or wilful negligence

Your policy document details the full list of exclusions. Combined RTI policy wording

When would my Gap cover not pay a claim?

Click4Gap pays all valid claims however, there are a few circumstances in which a claim will not be considered valid:

  • If an uninsured person was allowed to drive the car
  • The driver was under the influence of non-prescription drugs or alcohol
  • The car was being used for illegal activity
  • Instances of fraud or wilful negligence

Your policy document details the full list of exclusions. Combined RTI policy wording

What is the vehicle purchase value?

This is the price you paid for your car, including all the factory-fitted accessories, and after any discount and deposit paid, but excluding any registration fee, fuel, insurance premiums, service plan, delivery charges, paintwork and upholstery protection kit, insurance and warranty premiums you may have included, any finance arrears and associated costs, and any negative equity.

Can I cancel my Combined RTI Gap cover?

In the event you decide this cover isn’t for you, you can cancel with a full premium refund during the first 30 days, so long as you haven’t made a claim, or don’t intend making one.

If you decide to cancel after the 30 days, you will be eligible for a pro rata refund, under the same conditions, less an administration fee of £35.

Who is the insurer of this policy?

Red Sands Insurance Company (Europe) Limited, who are registered in Gibraltar (87598) and are licenced by the Gibraltar Financial Services Commission are the insurers of your policy.