HOW COMBINED GAP AND RTI WORKS
Combined GAP and RTI incorporates Return to Invoice cover (or RTI) and
Finance Guaranteed Asset Protection (or Finance GAP).
RTI is designed to pay out any difference between the settlement
made by your motor insurance company and the price you
originally paid for the vehicle. If your vehicle is written off,
Finance GAP pays the difference between the settlement
made by your motor insurance company and the amount
you still owe combined GAP and RTI covers you however
you paid for the vehicle and will pay out the greater of the
Finance GAP or RTI amount, up to the purchase price of the vehicle.
However, there are specific exclusions.
HOW TO MAKE A CLAIM
With AutoProtect’s free, easy-to-use app you can make a claim
whenever it suits you; day or night,
on the go and even if their offices are closed.
Enter the relevant information, upload documents and submit–
what could be simpler?
Download AutoProtect’s claims APP by searching for
‘AutoProtect’ in your APP store.
SIGNIFICANT BENEFITS
Policy duration:
The cover is available for varying durations,
depending on your requirements and according to the terms of your
finance agreement. Cover ends earlier in the event of a
paid claim or if the vehicle is no longer in your possession.
Excess:
Provides a contribution of up to £250 towards your insurance policy excess.
Claim:
A range of claim limits are available depending on the
premium paid and the purchase price of your vehicle.
Vehicle accessories covered:
As long as accessories are fitted by the dealer and are
manufacturer-approved, we will cover up to £1,500 of extras.
Manufacturer fitted accessories are covered.
Warranty and Road Fund licence:
Includes the cost of a vehicle warranty and makes a contribution
of up to £100 towards road fund license costs.
Transferable:
If during the first year of cover, the vehicle is written off
and you get a replacement vehicle on a
“new for old” basis,
you can transfer the remaining duration of the policy to your
replacement vehicle free of charge.
You may then subsequently,
at any time, transfer any remaining
period of insurance on the
policy due to a further change of vehicle,
on payment of an
administration fee of £35, as long as the
replacement vehicle
falls within the price range specified
in your policy schedule.
Cancellable:
If, for any reason, you wish to cancel your policy and you do so
within 30 days, and no claim has been registered with
AutoProtect during this time, we’ll give you a full refund.
After that, you may still cancel at any point,
subject to a £35 administration fee. You may receive a pro-rata
refund which will reflect the length of the term remaining.
SIGNIFICANT EXCLUSIONS*
As with all insurance policies there are some circumstances for
which Combined GAP and RTI will unfortunately not cover you.
You must have in place a fully comprehensive motor insurance policy
issued by an authorised UK motor insurer which
insures against accidental loss and/or damage
to the vehicle throughout the period of insurance.
In the event your motor insurer rejects your claim and a
settlement payment is not made you will not be covered by this policy.
Vehicle Exclusions:
We are unable to cover all vehicle types.
You will be excluded from the benefits of this policy if:
The vehicle has been modified in any way from the
manufacturer’s specification.
The vehicle is used for hire or reward,
i.e. taxis or courier vehicles.
Alternative products may be available that can
provide cover for these vehicles.
Please ask for further information.
The vehicle will be used for a competitive event.
The vehicle is heavier than 3500kg gross weight.
The vehicle is listed in the specifically excluded list;
some prestige vehicles and sports cars are excluded:
Including, but not limited to, Aston Martin, Bentley,
Honda NSX models, Lamborghini, Rolls Royce, and kit cars.
General Exclusions:
Any total loss due to your negligence or deliberate action.
Any total loss as a result of an accident where the driver of the vehicle
is under the influence of alcohol, drugs not prescribed by a
registered medical practitioner,
or drugs prescribed by a registered medical practitioner
where a warning against driving has been given
Additional Costs:
Additional costs within the finance settlement for anything other than the
purchase of the vehicle. This includes but is not limited to;
administration charges, option to purchase charges,
late payment charges and arrears, early settlement charges.
Negative Equity:
This means any sum outstanding from a previous finance agreement,
is transferred to the new vehicle finance agreement.
Tax:
Any recoverable Value Added Tax
(VAT)
where you are VAT registered.
Combined GAP and RTI is an OPTIONAL facility available from Autolab.
Our sales consultants will be happy to answer your questions
or clarify the policy benefits and exclusions.
You should be aware that similar products may be available elsewhere
to purchase directly. However, as with any insurance policy,
you should confirm that the cover levels of alternative
facilities are suitable for your needs.
This information is for promotional purposes only.
It is not advisory and does not demonstrate the full
terms and conditions of the product or promotional purposes only.
It is not advisory and does not demonstrate the
full terms and conditions of the product.
