RTI / GAP Insurance Quote
GAP Insurance Cost
GAP cover from Chris Knott Insurance starts from £139 for 3 years’ cover on vehicles less than 10 years old, with fewer than 100,000 miles on the clock.
Get a quote online for our RTI GAP Cover Insurance today. GAP cover must be arranged during the first 90 days of ownership.
What is RTI / Finance GAP Cover?
In brief, this cover plugs the difference between your insurance settlement figure and either the purchase price or the amount of any outstanding finance (whichever is greater) in the event of a total loss claim in the next 3 years. [More info…]
ILLUSTRATION
Vehicle Purchase Price: £24,000
Amount still owed on finance at time of loss: £25,000
Market-value insurance payout: £16,000
RTI/Finance GAP payout: £9,000
RESULT: You can clear the finance and start again on a new vehicle. The cover even refunds your motor claim excess up to £250.
NOTE: All vehicles must be under 10 years old and 100,000 miles at time of purchase of cover. This cover is not available for scooters, motorcycles or for commercial vehicles over 3500kg, kit-cars, invalid carriages, grey/parallel imports or vehicles not built for sale in the UK.
