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Back to Invoice GAP Insurance

Back to Invoice GAP Insurance is also known as Return to Invoice GAP Insurance.

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What is Back to Invoice Plus GAP Insurance?

What is Back to Invoice Plus GAP Insurance?

This GAP Insurance policy will, in the event of a total loss, pay the difference between the comprehensive insurer’s market value settlement and the original vehicle invoice price or the finance settlement figure, whichever is higher at the time.


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Can I buy Return to Invoice Plus?

Can I buy Return to Invoice Plus?

The answer to this is yes if:

Your vehicle is less than 10 years old

You have owned your vehicle for less than 180 days OR less than 365 days if you have new car replacement cover from your motor insurer while the car is less than 12 months old

Your vehicle is owned outright OR on a Hire Purchase (HP) or Personal Contract Purchase (PCP)

Your vehicle was purchased from a VAT registered dealer

Your vehicle is not excluded as one of the following: Any taxi, mini cab, driving tuition vehicle, courier or delivery vehicle of any type or any private or public rental vehicle or any rally, competition or off-road vehicle of any type. Please see our exclusion list to check your vehicle isn’t on the list.

Exclusion list:

Unfortunately we do not offer GAP insurance cover for any Commercial Vehicle over 3500kg, Motorcycle, Motor Scooter or Moped. Any left hand drive vehicle and a vehicle which does not meet UK or EC approval or is not commercially available in the UK direct from a manufacturer or its authorised importer or dealer. Any taxi, mini cab, driving tuition vehicle, courier or delivery vehicle of any type or any private or public rental vehicle or any rally, competition or off-road vehicle of any type.

If your car has been bought from a private seller please look at the details for our Agreed Value GAP Insurance policy or contact one of the ALA team on 01653 916304

Back to Invoice Plus Example

Covered

£15,000

Shortfall

£6,000
*Example shows the amount covered by your Comprehensive Vehicle Insurance (based on average depreciation rates and current market value) and the potential shortfall if your vehicle is written off.
WITH FINANCE
WITHOUT FINANCE
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 Return 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)
Your invoice value of: £20,000
Your comprehensive market value insurance payout: £15,000
Our Return to Invoice Plus payout: £5,000
Comprehensive Insurance payout + ALA GAP Insurance payout = £20,000

Policy Documents

View Policy Wordings and IPIDs for Back to Invoice Plus GAP Insurance.

As we work with a couple of scheme providers to get you the best price there are different policy wordings dependent on the scheme provider. We recommend familiarising yourself with all policy documents before purchasing.

These documents are available to view when you get a quote, too.