RTI Gap Insurance

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Discussion

craig511

Original Poster:

430 posts

117 months

Monday 5th April 2021
quotequote all
Evening all,

This friday I may be collecting a 458! Very excited.

The car value is £133000. £89k of that will be financed.

Ferrari have quoted £1230 for 36 months of GAP RTI insurance. RTI = Return to invoice so different to normal GAP insurance.

I am trying to source my own policy but its very hard. Most either wont touch Ferraris OR go high enough for me (£133k).

Anyone got a good contact for GAP RTI Insurance please. IM sure I can get it lower than £1230 as normal gap is only £350 for 4 years!

Thanks.

JohnnyUK

859 posts

85 months

Monday 5th April 2021
quotequote all
Have you tried ALA? Ask for Katie....

I've used them on most of my new purchases - including an R8...can't remember the price though!

Don't forget you are insuring the difference (the Gap) between what the insurance company pays out on a total loss and the invoice price - not the full purchase price.




craig511

Original Poster:

430 posts

117 months

Monday 5th April 2021
quotequote all
Yes thank you.

All the websites ask for the car value first and almost all don’t go high enough.

I have found one supplier, InsureTheGap who will do it for £730, with a car value at £133k and a max payout of £50k which is perfect for me and half the price of Ferrari, which is underwritten by AXA.

At least I have something to work on.