Combined GAP and RTI Insurance

Our Combined GAP and RTI Insurance Provider AutoProtect offer a wide range of award-winning asset protection products. As with all our insurance products, Combined GAP and RTI insurance can be customised to your needs and designed to suit your requirements.

What if?

Due to accident, fire or theft, your motor insurance company declares your 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 you used a finance agreement to buy a vehicle that’s declared a write-off, before you’ve paid back all you owe? You may have to continue making monthly payments on a vehicle you no longer own.

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

How Combined Guaranteed Asset Protection works

If you bought your vehicle outright and paid £26,500 for their car and your 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 you financed your vehicle and paid £26,500 and your motor insurance pay out is £14,000, and your 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!

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 you whatever the circumstance.
  • Meets the ABI code of practice.
  • Transferable.
  • Cancellable.

Most fully comprehensive car insurance policies offer ‘new car replacement’ during the first 12 and sometimes even 24 months for new cars, so you should check to see if yours does and whether you will still benefit from gap insurance if you are buying a new car.