Gap Insurance / RTI Insurance

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Return to Invoice Car Insurance

IN SUMMARY
In the event of a total loss insurance claim, RTI Gap Insurance will pay you back any shortfall between the Insurance payout and the Invoice price on your car.  For example,
 

CAN YOU GIVE ME AN EXAMPLE OF HOW RTI WORKS
If you paid 35,000 for your car, and your motor insurance pay out is 22,000, RTI can pay the difference of 13,000 to top it up to the original 35,000.  Its that simple.


WHAT IS COVERED
If within the Period of Insurance, and incident occurs which results in the insured vehicle being classed as a Total Loss by the Motor Insurance Policy underwriter, we will pay the financial shortfall between the amount you receive from the Insurance policy and the purchase price of the vehicle, as confirmed in the invoice of sale, up to the sum insured in the event of your vehicle being a total loss following an incident during the period of insurance occurring whilst your vehicle in in Geographical limits.

Pays the shortfall between Motor Insurance Payout
and the amount on the Invoice of Sale.