GAP / RTI
Depending on the cover chosen, the insurance is designed to pay for either:

FINANCIAL GAP INSURANCE
The financial shortfall between the amount received from the motor insurance policy in the event of the vehicle being a total loss following damage, fire or theft and the amount required to settle the finance agreement up to the maximum stated in the policy schedule, excluding any amount financed above the original purchase price of the vehicle.

RTI GAP INSURANCE
The financial shortfall between the amount received from the motor insurance policy in the event of the vehicle being a total loss following damage, fire or theft and the amount originally paid for the vehicle up to the maximum stated in the policy schedule.

WHAT IS COVERED
The benefits of Motorcare Warranties Ltd GAP policies are outline below:
Financial GAP Insurance indemnifies against costs up to the limit of the sum insured in respect of the vehicle suffering a total loss during the period of insurance.  This includes the motor insurance policy excess up to an amount of £250.00.
RTI GAP Insurance will if within the period of insurance an incident occurs which results in the insured vehicle being classed as a total loss by the motor insurance policy underwriter, pay the difference between the motor insurance policy underwriters settlement and the purchase price of the vehicle as confirmed on the invoice of sale.  This includes the motor insurance policy excess up to an amount of £250.00.

Full Details available on request.