Compare Finance Gap Insurance against Return to Invoice

What are the basic differences between Finance Gap Insurance and Return to Invoice Gap cover?

Finance Gap Insurance
will cover between the vehicle market value (at the point it is 'written off' by your motor insurer, and the outstanding settlement figure on the vehicle

Combined Return to Invoice - will cover between the vehicle market value (at the point of total loss) and the original invoice price you paid. (Please note the GapInsurance RTI policy is a 'combined' cover, so will actually clear your finance settlement if that figure is higher than your original invoice price)

So lets look at an example of how these two types of Gap Insurance would perform in a certain situation.

Compare Finance Gap and Return to Invoice Gap
  Finance Gap Return to Invoice Gap
Clears Finance Yes Yes
Back to Invoice No Yes
Features and suitability :-    
Cash Purchases No Yes
Contract Hire leases Yes No
Hire Purchase Yes Yes
Motor Insurance Excess contribution Yes £250 Yes £250
Dealer Fitted Options covered Yes £1500 Yes £1500
Transferrable No Yes
Cancellable Yes Yes

With GapInsurance123 these policies are available for cars, LCV's and Vans, Motorhomes, Motorbikes, Taxi's and Driving School vehicles.