What is Invoice GAP insurance?
If your car is written off through accident, fire, theft or flood, Invoice GAP Insurance (commonly referred to as “return to invoice” or “back to invoice” cover) aims to pay the difference between your Motor Insurer’s Total Loss valuation of your vehicle and the higher of either the original invoice price you paid for the vehicle OR the amount outstanding on finance at the time of claim – Invoice GAP insurance is the most commonly purchased type of GAP insurance.
Subject to eligibility, Invoice GAP insurance may be available for new and used cars that are less than 10 years old at the cover start date, bought from a VAT Registered Motor Dealer, and purchased/taken delivery of within the permitted time limit. GAPinsurance.co.uk currently works with different GAP insurance underwriters, including Arch Insurance (UK) Limited and Helvetia Global Solutions Ltd UK Branch, and the exact eligibility criteria can vary depending on the underwriter available for your vehicle and the policy selected.
As a guide, Invoice GAP insurance may currently be available for vehicles bought/taken delivery of up to 180 days ago, although Arch-underwritten policies have a stricter 90-day limit. Vehicle value, claim limit, optional extras and other acceptance criteria also vary by underwriter and policy.
See “How Does Invoice GAP Insurance Work?” for more information, or click below to get a quote.