Important Message


What is RAC Combined GAP and RTI Insurance?

GAP stands for Guaranteed Asset Protection, and that's exactly what it does.

In the event of a total loss, Gap insurance is designed to cover the difference between your motor insurance and the amount you originally paid for the car, or the amount outstanding on finance - whichever is greater.

RAC Combined GAP and RTI Insurance is intended to provide financial protection against this loss, when buying your car, regardless of how you originally funded the purchase.

How does it work

  • Return To Invoice (RTI) cover will ensure to you get back what you originally paid for the car.
  • Finance Guaranteed Asset Protection (GAP) will cover the “gap” between the amount paid out by the motor insurance provider (the settlement) and the amount still due to be repaid on the finance that was taken out to purchase the vehicle.
  • Combined Guaranteed Asset Protection covers for all eventualities and will pay out the greater of the Finance GAP or RTI amount, up to the purchase price of your car.

An Example

If you bought your vehicle outright and paid £26,500 for your car and your motor insurance payout is £14,000, RTI can pay up to the difference of £12,500 to top it up to the original £26,500. If you had an outstanding finance payment of £17,500 Finance GAP insurance may pay out up to £3,500.

In this instance, the Combined GAP and RTI payment would be £12,500


RAC Combined GAP and RTI Insurance can provide protection for a term to suit you from 12 months up to a maximum of 60 months for GAP cover and 36 Months for the RTI cover and will pay out up to the purchase price of the vehicle or the outstanding finance, whichever is the greatest.

RAC GAP and RTI Insurance is fully cancellable. If you wish to cancel, providing no claim has been made, you may be entitled to a pro-rata refund on the remainder of the policy calculated monthly for each full month left to run subject to terms and conditions.

RAC Combined Guaranteed Asset Protection insurance is subject to terms and conditions. You should note there are certain limitations in terms of the maximum amount you may claim.

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