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!

• 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.