GAP and RTI Insurance
Car crime is an ever-present risk in the UK - there is one car stolen for every minute of every day. Over a third of stolen cars are never found, and over half a million cars each year become total losses - so finding the right finance protection for your new car is crucial.
In the unfortunate event that you have to make a claim, most insurance policies will only provide cover up to the market value of your car at the time of loss, whether the cause is accident or theft. This figure is likely to be far less than the amount you originally paid for the car and in some circumstances less than the finance balance outstanding at the time.
GAP – Guaranteed Asset Protection
If you have a fully comprehensive policy and need to make a total loss claim as the car has been written off by theft or accident, GAP will cover any shortfall between the insurance companies payout and your current finance balance outstanding ensuring no shortfall is due from you.
RTI – Return To Invoice
Total Loss RTI insurance will cover this same financial shortfall plus protect your original deposit so you will be able to purchase a replacement car of similar value, specification, age and quality to match your original car invoice value.
Cover is available for both new and used cars and must be taken out within 6 months following delivery.
To give you total peace of mind for a remarkably small premium, our consultants will be happy provide more details on 08450 944 997.
