Why you need GAP (Guaranteed Asset Protection) RTI (Return To Invoice) Cover Insurance

Most motor insurers only pay out the current market value of your car when an accident or theft occurs that can give rise to a "total loss claim".

This could leave a shortfall of several thousand pounds compared to the value of your car when you bought it.

Available for new or used cars under 10 years old and with less than 100,000 recorded miles at time of sale and under £60000. In the event your car is stolen and not recovered or written off in an accident causing your motor insurer to make a total loss payment, the difference between what the motor insurer pays and the original invoice price you paid for your car. Cover is available for 3 years for only £349.

What if?

Due to accident, fire or theft, your 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 you used a finance agreement to buy a vehicle that’s declared a write-off, before they’ve paid back all they 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 the car and the 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 the vehicle and paid £26,500 and the motor insurance pay out is £14,000, and the 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 you still owe.

• 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.

M.R.King & Sons - Halesworth

M.R.King & Sons - Halesworth

M.R.King & Sons - Saxmundham

M.R.King & Sons - Saxmundham

M.R.King & Sons - Woodbridge

M.R.King & Sons - Woodbridge

The Tyre  King – Halesworth

The Tyre King – Halesworth

M.R.King & Sons - Volvo Halesworth

M.R.King & Sons - Volvo Halesworth