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Motorhome GAP Insurance

Eligibility – Hire Purchase, Lease Purchase, Personal Contract Purchase (PCP), Outright Purchase, Personal Loan

Back to Invoice is available to a company or private individual whether the car is on finance (except Contract Hire), owned outright or on a personal loan. We can supply cover for cars up to 8 years old with four years of cover. When the vehicle is purchased or placed on finance, the motor dealer will supply you with an invoice stating the invoice price you have paid for the car.

In the event of an insurance write-off, your motor insurance policy will pay to you what they believe is the market value of the car – probably substantially less than you paid for it. By having a Back to Invoice Insurance policy the policy will pay to you the difference between the insurance settlement and your original invoice price. If the car is on finance, you should still benefit from a considerable contribution towards the purchase of a replacement car of your choice when settled off.

Contract Hire Gap Insurance

Example:

Original Cost of your car:£20,000
Deposit:£2,000
Amount of loan:£18,000
18 Months later the car is stolen or is in an accident and declared a total loss.
Amount still owing to your finance company:£12,000
The insurance company pays you only:£9,000

So what will you have to do?
Simple! The Vehicle owner has to pay the GAP

Back to Invoice GAP Insurance will pay to the customer the £11,000 difference between the insurance payout and the original cost of the car.

Protect your investment and avoid financial worry... Buy Back to Invoice Insurance online today

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