| What is Combined RTI
GAP Insurance?
Combined RTI GAP Insurance is a type of GAP Insurance which, in
the unfortunate event that your car is deemed a total loss (write
off) following an accident, fire or theft by your motor insurer,
pays you the difference between the original purchase price of your
car and the written off settlement paid to you by your motor insurer
or, if greater, the amount you require to settle your finance agreement
(where applicable).
This means that you gain the benefit of both Financial Shortfall
GAP insurance and Return to Invoice GAP insurance all in one product.
Combined RTI GAP insurance ensures that you aren’t affected
by depreciation or finance early redemption charges if your vehicle
becomes a total loss.
For a more comprehensive description of the different types of
gap insurance please click
here.
Why do I need Combined RTI GAP Insurance?
Statistically, in the UK, new cars depreciate by 40% to 60% over
the first 3 years. (Based on an averaged sample taken from the Whatcar
depreciation index, June 2007)
What position would you be in if your motor vehicle is deemed a
total loss?
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