AutoProtect Combined GAP and RTI Insurance

AutoProtect offers a wide range of award-winning asset protection products. As with all AutoProtect products, Combined GAP and RTI insurance can be customised to your business needs and designed to suit your customer's requirements.

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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 pay out 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!

If you are paying for the car on a finance agreement, then the Finance Guaranteed Asset Protection (GAP) part of the policy may make sure that if your insurance pay-out falls short, you won't be left with the outstanding finance.

Asset Protection will pay out the greater of the Finance GAP or RTI amount, up to the purchase price of your car.

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.

AutoProtect provide flexible, adaptable products designed to suit your specific requirements.