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Return to Invoice GAP Insurance


What Does Return to Invoice GAP Insurance Cover?

Return to Invoice GAP Insurance is also known as Back to Invoice GAP Insurance.

The Return to Invoice (RTI) GAP Insurance policy offered by ALA is designed to cover the financial shortfall caused by depreciation if your vehicle is declared a total loss. This is more commonly known as a write off and can be declared as such by your motor insurer in the event of an accident (whether fault or not), theft, fire and flood.

Is Return to Invoice GAP Insurance suitable for me?

This policy is suitable in the circumstances outlined below:

  • You have purchased your vehicle either for cash or on a personal loan and own the vehicle outright.
  • You have taken out a Hire Purchase (HP), Personal Contract Purchase (PCP) or similar finance agreement.

A Return To Invoice Insurance policy is suitable for you provided your vehicle is less than 10 years old, has been purchased from a dealer or finance provider within the last 365 days and is not an excluded vehicle.

Vehicles used in any sort of competitions or rallies. Vehicles used for racing, pace making, speed testing or in reliability trials; Vehicles not listed in Glass's Guide; kit cars; invalid carriages; commercial Vehicles of more than 3500kg gross weight. Any, taxi, mini cab, driving tuition vehicle, courier or delivery vehicle of any type or any private or public rental vehicle.



Return To Invoice GAP Insurance Features:

  • Return To Invoice Insurance applies to vehicles owned outright or on finance
  • Policies can be purchased for up to 5 years
  • ALA's RTI Insurance policy is underwritten by UK General Insurance Limited on behalf of Great Lakes Insurance SE, an A rated underwriter, so it is protected under the Financial Services Compensation Scheme
  • We cover up to £250 of your excess with your comprehensive insurer
  • We exclude “Market value” and “Glass Guide”claim reduction clauses
  • RTI Insurance is available for cars, vans and motorcycles up to 10 years old, delivered within the last 365 days
  • Policy transfer – pro rata transfer of unused premium if you change your car, with no admin fees
  • Any amendments are made FREE of charge
  • We guarantee to beat any comparable online GAP quote


What would Return To Invoice GAP Insurance do for me?

Your main concern when buying a GAP Insurance Policy is that it will cover you if your vehicle is written off. Please choose from the following:

1. I own my vehicle outright (either paid cash or with a loan)

Our Return To Invoice insurance policy will pay the difference between your comprehensive insurer's settlement figure and the original invoice price of the vehicle. You will receive this as a cash settlement to use however you may wish.

2. I have a finance agreement - either on HP or PCP

We will pay from your insurance company's settlement figure to whichever is the highest amount at the time your vehicle is declared a total loss - either:

  • Up to the amount of finance outstanding, leaving you free of finance and able to start a new agreement. This can happen early on in your agreement where the addition of interest combined with a small deposit means that the finance is greater than the cost of the vehicle itself.
  • Up to the original invoice price of the vehicle. The outstanding finance is cleared automatically and any surplus amount is then available to use as you wish. This will be the case where you have paid a substantial deposit or you have made enough payments to make the remaining amount of finance lower than the invoice price.

Please see below an example with and without finance:



Return To Invoice GAP Insurance Example:

Our Return to Invoice Insurance will pay either the amount outstanding to your finance company or back to your invoice depending which figure is higher at the point of a claim.
Your invoice value of: £20,000
The amount owed to the finance company at the point of claim: £21,000
Your comprehensive market value insurance payout: £15,000
Our RTI Insurance payout: £6,000
Comprehensive insurance payout + ALA RTI Insurance payout = £21,000
(Leaving you clear of any owed finance on your vehicle)
Alternatively...
Your invoice value of: £20,000
The amount owed to the finance company at the point of claim: £18,000
Your comprehensive market value insurance payout: £15,000
Our RTI Insurance payout: £5,000
Comprehensive insurance payout + ALA RTI Insurance payout = £20,000
(Then you would need to pay the £18,000 owed to the finance company but you get to keep £2000)



Read more on why ALA GAP Insurance policies are better than the rest or click the green button to get a quote...