GAP and RTI Insurance

In Boston, Grantham, Louth and Scunthorpe, Lincolnshire.

GAP and RTI Insurance

So you've bought a new car - what next?

We all know that buying a new car is probably the second largest purchase you make in life! So of course it's important to carefully consider how you plan to look after it!

We wouldn't be looking after you if we didn't tell you about GAP and RTI Insurance for your new car.

What if?

Due to accident, fire or theft, your customer’s motor insurance company declares their vehicle a write-off?

What’s more its depreciation in value leads them to pay out less than the vehicle was originally worth.

What if they used a finance agreement to buy a vehicle that’s declared a write-off, before they’ve paid back all they owe? Your customer may have to continue making monthly payments on a vehicle they no longer own.

Whether they’ve paid outright, or made a finance agreement, they can be covered fully with Combined Guaranteed Asset Protection.

How Combined Guaranteed Asset Protection works

If your customer bought their vehicle outright and paid £26,500 for their car and their 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 they financed their vehicle and paid £26,500 and their motor insurance pay out is £14,000, and their outstanding finance payment was £17,500 Finance GAP insurance may payout up to £3,500.

Combined Guaranteed Asset Protection will payout the greater of the Finance GAP or RTI amount. It’s that simple!
GAP Insurance Pricing

2 year cover £299

3 year cover £399

4 year cover £499
Significant benefits
- Incorporates Return to Invoice Cover (RTI) and Guaranteed Asset Protection (or GAP).
- RTI Cover could reimburse any difference between the road risk insurance settlement and original vehicle price.
- GAP is suited to customers taking out a finance agreement and may pay the difference between the road risk insurance settlement and the amount your customer still owes.
- Combined GAP and RTI insurance could pay out the greater of either the RTI or GAP pay-out, protecting your customer whatever their circumstance.
- Meets the ABI code of practice.
- Transferable.
- Cancellable.

2 year cover	£299
3 year cover	£399
4 year cover	£499

Terms and conditions and limitations on the extent of cover apply. You must always contact the Administrator, AutoProtect (MBI) Limited before accepting the motor insurance settlement from your motor insurer. GAP insurance is optional. Interest may be charged if the premium is financed under a finance agreement. No amount will be payable in respect of any credit provided under the finance agreement (if any) which exceeds the purchase price of the vehicle. Please refer to the GAP insurance policy document for full terms and conditions.

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