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Return to Invoice Plus+ / Back to Invoice Plus+ GAP
What does this policy cover?
This GAP Insurance will, in the event of a Total Loss claim, either pay the difference between the Comprehensive Insurance settlement and your original invoice price or clear the outstanding finance, whichever the greater. It is suitable for vehicles owned outright or on finance and for new and used vehicles up to 10 year old, delivered within the last 90 days.
Cover features:
- Available up to 4 years for vehicles owned outright or on finance
- We only use UK Insurers which means your policy is protected under the Financial Services Compensation Scheme
- Pays as standard up to £250 of your Comprehensive Insurance excess
- Our policies do not have a ‘Market Value Clause’
GAP Cover Example: |
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| Our Back to Invoice Plus+ GAP Insurance will pay either the amount outstanding to your finance company or back to your invoice depending which figure is higher at the point of a claim. | |
| Your invoice value of: | £20,000 |
| The amount owed to the finance company at the point of claim: | £21,000 |
| Your comprehensive market value insurance payout: | £15,000 |
| Our Back to Invoice Plus+ payout: | £6,000 |
| Comprehensive insurance payout + ALA GAP Insurance payout = | £21,000 |
| (Leaving you clear of any owed finance on your vehicle) | |
| Alternatively... | |
| Your invoice value of: | £20,000 |
| The amount owed to the finance company at the point of claim: | £18,000 |
| Your comprehensive market value insurance payout: | £15,000 |
| Our Back to Invoice Plus+ payout: | £5,000 |
| Comprehensive insurance payout + ALA GAP Insurance payout = | £20,000 |
| (Then you would need to pay the £18,000 owed to the finance company but you get to keep £2000) | |
Why ALA GAP Insurance policies are better than the rest...
| Market Value Clause | Free Transfer | Glass Guide Maximum Payout Clause | How long have I got to make a Claim? | Country of Underwriters Registration | Deferred start date for Policy | |
| info | info | info | info | info | info | |
| ALA | No | Yes | No | 120 Days | U.K. | No |
| Easy Gap | Yes | Yes | No | 30 Days | U.K | Yes |
| direct gap | Yes | Yes | No | 30 Days | Gibraltar | Yes |
| Click4Gap | Yes | No Transfer | 105% | 30 Days | Gibraltar | No |
| car2cover | Yes | Yes | No | 30 Days | Gibraltar | Yes |
| GapInsurance123 | Yes |
Costs £25 | 110% | 30 Days | Gibraltar | Yes |
| helpucover | Yes |
No |
? | 120 Days | UK | No |
| Cargapinsurance | Yes |
No |
? | 30 Days | Ireland | No |
To read more on why ALA GAP Insurance policies are better than the rest, click here. To get a quote please click the ‘quote me’ button...
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