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Back To Invoice GAP Insurance

Back To Invoice GAP Insurance is available both for cars/ vans/ taxis on Finance as well as those that are bought outright. This policy will pay the shortfall between the original purchase price of the vehicle and the settlement figure agreed. Many people do not realise that this cover is available when they buy their car or that there is a good reason why the insurance should be taken out.

'Return To Invoice' is the same as 'Back To Invoice'. It does not matter which of the two names is used as the policy is exactly the same. Please note that during the first year many insurance companies will give a new car replacement - but this does not apply for subsequent years.

The invoice i.e. the amount you paid for the vehicle is the crux. As the invoice will be more than any outstanding loan this policy will pay out more than a Finance Policy.

Suppose the invoice price was £10,000 and after a couple of years the vehicle was a total loss (value £4,000) - and the amount on  finance was still £6,000.

With Invoice GAP Insurance the amount paid out would be £6,000 (£10,000 - £4,000) - with Finance the amount would be only £2,000 (£6,000 - £4,000).

As you have a choice if the vehicle is being bought on finance you should consider whether paying more for this form of insurance is worth it - remember that the policy only lasts for three years - not the five on Finance GAP Insurance.

Tabular Rates for our Back To Invoice Insurance Cover

Save £10.50 from the rates above by buying online

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