Combined GAP & RTI Insurance - Aaron Marsh - Volvo Ipswich

What if?

Due to accident, fire or theft, your motor insurance company declares your new 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 arranged 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 your 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!