Back to Invoice GAP Insurance

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

What is Back to Invoice Plus GAP Insurance?

POLICY WORDING POLICY SUMMARY

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.

Mind the GAP! Avoid a potential shortfall...

On the road price: £
Anticipated length of ownership (years):

ALA GAP Insurance is recommended and awarded by

Can I buy Back to Invoice Plus?

It is suitable for vehicles collected within the last 365 days which are:

  • New or used
  • Under 10 years old at the start of the policy
  • Owned outright or on finance (including Personal Contract Purchase or Hire Purchase)
  • Bought from a VAT registered motor dealer or internet broker
  • Not excluded by the policy wording

    Ferrari, Lamborghini, Maserati, Rolls Royce. 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

How does this policy compare to Vehicle Replacement Plus?


BACK TO INVOICE
Pays you back to the price you paid for the vehicle or your finance settlement figure if that is higher.
You get back the money you paid for your vehicle to use as you wish.
Settlement paid to you in the event of a claim.
For vehicles bought outright or on finance.
For vehicles up to 10 years old, no upper mileage limit.
No ongoing age or mileage limit.
Available for vehicles with an invoice price of up to £100,000
VEHICLE REPLACEMENT
Pays up to replacement cost of a vehicle matching the original or your finance settlement figure if that is higher.
Protects from manufacturer price increases or discounts that are no longer available.
Settlement paid to you in the event of a claim.
For vehicles bought outright or on finance.
For vehicles up to 10 years old with less than 80,000 miles.
No ongoing age or mileage limit.
Available for vehicles with an invoice price of up to £125,000

Back to Invoice Plus GAP Insurance Features:

  • Cover available for up to 4 years
  • Covers vehicles up to £100,000 (cars only - other limits apply for commercial vehicles and motorcycles)
  • Covers up to £250 of your comprehensive insurance excess
  • No market value, Glass’s Guide maximum payout or pre-approval clause
  • Combination Back to Invoice and Finance GAP policy – see examples below
  • Policy transfer – pro rata transfer of unused premium if you change your vehicle, with no admin fees
  • Any amendment made FREE of charge
  • Discounts for multiple policy purchases
  • We guarantee to match any comparable online GAP quote

Back to Invoice Plus Example

Back to Invoice Plus Example (With Finance)

*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.

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)
view an alternative example
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