Gap Insurance Claim query

Quentin

FloFlo wrote: »

What I read online suggested that the whole point of return to invoice is to put you in the position that you could buy the car again now even if the discount was no longer available, that combined with the fact that their terms say the 'Net' invoice includes any discount given made think that they would....

No, you misunderstand, the whole point is to get you back where you were financially!


The discount is included to reach the net invoice!


Were it not then it would be the "gross invoice"

FloFlo

Quentin wrote: »

No, you misunderstand, the whole point is to get you back where you were financially!


The discount is included to reach the net invoice!


Were it not then it would be the "gross invoice"

Thank you, now I have to explain it to hubby unless to you are free in half an hour

Quentin

FloFlo wrote: »

....."This is return-to-invoice insurance, designed to compensate for the rising cost of cars, or where a discount has been given on the cost of the car which might not be available again in the future."

Where did that quote come from?


It isn't a description of "return to invoice" insurance!


It describes "vehicle replacement" insurance

IamNotAllowedToUseMyName

FloFlo wrote: »

What I read online suggested that the whole point of return to invoice is to put you in the position that you could buy the car again now even if the discount was no longer available, that combined with the fact that their terms say the 'Net' invoice includes any discount given made think that they would.

"This is return-to-invoice insurance, designed to compensate for the rising cost of cars, or where a discount has been given on the cost of the car which might not be available again in the future."

That quote is simply wrong - it describes vehicle replacement insurance which is for new cars, typically allowing you to get a new car in the rare case you wrote a car off.

Were you mis-sold the wrong policy or did you believe something on the Internet ?

Return to invoice allows you to be better off in the event of an accident - your insurer should be putting you back where you were a minute before the accident unless it was a less than one year old car when you shouldn't need GAP. It might allow you to get a new replacement car if you can negotiate the same deal.

There is a £500 (Newport Vehicle Debtors??) to argue over if it represents something you've paid.