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Invoice Plus+
Invoice GAP Insurance Plus+, underwritten by Fortis Insurance Limited, will in the event of your vehicle being written off, pay the difference between your motor insurance payout and either; the amount that you originally paid for the vehicle OR, the amount outstanding on finance at the time of claim - whichever is the greater!
Invoice GAP Insurance Plus+ features:
- Cash payouts (assuming there's no finance to settle, or that the original invoice price is greater than the Finance Agreement Settlement Figure)
- You are free to choose your own replacement vehicle and the supplier of it.
- Covers up to £250 of your motor insurance excess
- Policy start dates can be deferred by up to 12 months after the date the vehicle was first registered.
- If your motor insurer replaces your vehicle new-for-old, the remaining term of the policy will be transferred to the replacement vehicle completely free of charge.
Invoice GAP Insurance Plus+ is available to cover a New or Used Car/Light Van (up to 6 years old) with a value of up to £100,000.00 that has been purchased from a UK Motor Dealer within the last 105 days.
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Replacement
Replacement GAP Insurance, also underwritten by Fortis Insurance Limited, covers the difference between your Motor Insurance payout and the cost of replacing the vehicle New-For-Old at the time of claim - that's even if the replacement vehicle costs more than the price you originally purchased it for.
Replacement GAP Insurance features:
- Cash payouts (assuming there's no finance to settle).
- You are free to choose your own replacement vehicle and the supplier of it.
- Covers up to £250 of your motor insurance excess
- Policy start dates can be deferred by up to 12 months after the date the vehicle was first registered.
- If your motor insurer replaces your vehicle new-for-old, the remaining term of the policy will be transferred to the replacement vehicle completely free of charge.
Replacement GAP is available to cover a brand new vehicle, (or a pre-registered vehicle having travelled less than 500 miles), which is less than 105 days old and has a value less than £100,000.00 that has been purchased from a UK Motor Dealer within the last 105 days.
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