Invoice Gap Insurance

Return to Invoice Gap Insurance (also known as Back To Invoice Cover, Shortfall Cover or Vehicle Replacement Protection) is a type of Gap cover intended to enable a claimant to recover the full purchase price of the insured car if the car is written off.

For example without return to invoice gap insurance if a car was purchased at £16,000 and twelve months later the car is written off, the motorists insurance may agree to pay out £10,000 leaving the client £6,000 worse off, however if the driver had a return to invoice gap insurance policy it would pay out the difference so the claimant is able to have the same amount of money they originally spent to buy a new car. Additionally the extra funds provided by the policy could be used to pay off outstanding finance agreement charges and could be put towards a deposit for a replacement car.