What is RTI GAP?

It is the most common form of policy which pays the difference between either the vehicle insurance settlement at the point of total loss and the invoice price paid for your vehicle (excluding VAT if you are VAT registered); it stands for Return to Invoice Gap,

OR,

if you have purchased your vehicle using a finance agreement (except where the policy is transferred or is taken out on contract hire or lease – see later notes) and the early settlement finance amount at the point of total loss is greater than the original invoice price, this insurance will pay the difference between the vehicle insurance settlement and the finance early settlement amount.

In all cases, the maximum amount paid is restricted to the claim limit you choose and is shown in your Policy Schedule.