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What Is Return to Invoice GAP Insurance?

Also known as: “Back to Invoice GAP”, “VRI GAP” or “BTI GAP”. In the event of an insurance write-off, the motor insurance company is only obliged to pay the ‘fair market value’ for the vehicle. RTI GAP Insurance pays the financial shortfall between the insured value and the greater of either the original purchase price […]

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What Is Contract Hire GAP Insurance?

Also known as: ‘Finance GAP’. In the event of an insurance write-off, the motor insurance company is only obliged to pay the ‘fair market value’ for the vehicle. This may or may not be sufficient to cover the amount required to settle off the Contract Hire Agreement. Contract Hire GAP Insurance covers this potential shortfall […]

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