Motorcycle Invoice Gap Insurance

What is GAP insurance?

If you’ve landed on this page, it’s probably because you have at least some idea about what GAP insurance is and know how important it is. If you have no idea what GAP insurance is… don’t worry! We have all the information you need right here!

Guaranteed Asset Protection Insurance (GAP) is designed to protect you from a hit in the pocket if your motorbike is declared a 'total loss' or write off by your bike insurer.

If your motorbike is deemed a total loss (typically because of an accident or theft), insurers will pay you market value for your motorbike at the time of the incident; however, because your motorbike will depreciate in value over time, there is likely to be a “gap” in the financial settlement between what is paid out by your bike insurer and the amount that you purchased your motorbike for.

In the case of bikes that are purchased with finance, shortfalls are potentially made bigger, in turn meaning that you face a double hit by having an uninsured liability and no motorbike to enjoy or use for essential journeys.

Important: This GAP Insurance is for motorbikes only, i.e. not for scooters, quads or trikes.

Watch our video, then read on for more information, example claims and policy premiums; plus FAQs to help make up your mind.

BeMoto Return to Invoice (RTI) GAP

If you have purchased a brand new bike (or a used bike that is less than 10 years old) within the last 180 days from a VAT registered garage or dealership, then RTI GAP pays the difference between your bike insurer's total loss settlement and the purchase price you paid for your bike - including any factory fitted options and dealer fitted modifications if paid for at the same time.

These policies are designed by bikers for bikers, so... unlike many in the market:

• Aftermarket modifications do NOT invalidate your cover as long as they are declared and accepted by your main comprehensive bike insurer, although the GAP policy won't replace them they will not cause a problem as long as your comprehensive insurer knows about them (they'll only pay for factory options or modifications that were paid for and fitted by the dealer at the time).
• You don't need to guess the depreciation amount or 'GAP' to insure. This RTI GAP policy is unlimited up to the value of the bike you paid / level you choose, i.e. if your bike was £20k and you choose the £20k option, then it will cover the full gap up to £20k.

EXAMPLE RTI GAP CLAIM: "Mind the GAP"

This Image illustrates the simple function of GAP Insurance. Imagine you buy a bike worth £20,000, and after 2 years and a lot of fun miles, you have an insurance claim that means the bike will be written-off. At that time, a reasonable market value for the bike might be £12,000 - which may clear your finance agreement but without GAP insurance you would be looking at a shortfall of £8,000 from what you paid for the bike:

• What about those factory options and dealer fitted modifications you lovingly added at the time?
• When will you afford the new modern equivalent bike, dripping with the latest tech, that's gone up in price?
• How about the extra shock of your insurance excess and potential early finance termination costs?

In this example, RTI GAP insurance could cover all of these by providing an extra £8,000 on top of the bike insurance pay-out.

How much does BeMoto Return to Invoice GAP insurance cost?

Premiums are very competitive compared to other products in the market and this cover has been designed to be fit for bikers (most are just car policies for bikes).

Note: RTI GAP policies cannot be renewed or extended yearly or at the end of the policy; therefore, it makes sense to obtain a policy for as long as you plan to keep your motorbike:

* Prices correct as at Jan 2025

BeMoto RTI GAP Insurance Benefits

Remember, the policy covers the full gap up to your chosen bike value level. No need to try and guesstimate the potential shortfall. Plus, you can still modify your bike without invalidating cover (although the insurer won't pay for aftermarket mods carried out once it leaves the factory / dealership).

Note: For RTI GAP you must have comprehensive insurance cover in place for the entire time the policy is in place.

The information contained on this page is a brief summary of policy conditions. For a full list of all conditions please refer to the Insurance Policy Information Document (IPID) and GAP Policy Documents before purchase.