GAP Insurance Explained by West Way Nissan
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Combined GAP & RTI Insurance Explained

Do you know how much your motor insurer would pay out if your vehicle was written off or stolen?

It’s very likely that they will only pay out the current market value of your vehicle. It’s also very likely that this will be less than you paid for it or less than any outstanding finance you have on it.

What are the financial implications for you?

Unless you are prepared to use your own funds, you would only have what your main motor insurer pays out to put towards a replacement vehicle. This would certainly limit your credit options. Similarly, you could be left having to personally fund the difference between your motor insurers pay out and the amount required to settle your finance agreement.

How can you protect yourself against this financial loss?

This is where Combined GAP & RTI can help. It's designed to be a simple level of extra protection for you should your vehicle be written off or stolen and declared a total loss by your motor insurer.

If your vehicle is written off or stolen and declared a total loss by your motor insurer, Combined GAP & RTI  will cover the difference between the current value of your insured vehicle and the net invoice price you paid for it, or any outstanding finance (whichever difference is greater). Take a look at the graph to see how it could work...

In the event of a total loss, Combined GAP & RTI will also pay you up to £250 towards your motor insurance excess.

Combined GAP Policies

West Way can offer you a variety of fixed-price Combined GAP policies, with cover ranging from 12 - 48 months. 

What's more, you can choose to pay the full amount in a single one-off payment or you can choose to pay monthly with 0% interest. 

You can purchase a policy up to 105 days after handover, so if you want to protect your vehicle, get in touch with us sooner rather than later.

Customer benefits of combined GAP & RTI

  • Cash or Finance
  • £250 contribution towards insurance excess
  • Pro-rata refundable
  • Transferable subject to a £35 admin fee
  • AutoProtect will liase with your insurance company
  • Up to £500 contribution towards car hire
  • 60 day European cover
  • Covers £1500 dealer fit manufacturer approved accessories

12-month Policies

From £190 inc. IPT Tax

12Mth Combined RTI GAP (0-15k vehicle, 10k limit)
12Mth Combined RTI GAP (15-25k vehicle, 15k limit)
12Mth Combined RTI GAP (25-50k vehicle, 15k limit)
12Mth Combined RTI GAP (50-85k vehicle, 15k limit)

24-month Policies

From £250 inc. IPT Tax

24Mth Combined RTI GAP (0-15k vehicle, 10k limit)
24Mth Combined RTI GAP (15-25k vehicle, 15k limit)
24Mth Combined RTI GAP (25-50k vehicle, 15k limit)
24Mth Combined RTI GAP (50-85k vehicle, 15k limit)

36-month Policies

From £320 inc. IPT Tax

36Mth Combined RTI GAP (0-15k vehicle, 10k limit)
36Mth Combined RTI GAP (15-25k vehicle, 15k limit)
36Mth Combined RTI GAP (25-50k vehicle, 15k limit)
36Mth Combined RTI GAP (50-85k vehicle, 15k limit)

48-month Policies

From £379 inc. IPT Tax

48Mth Combined RTI GAP (0-15k vehicle, 10k limit)
48Mth Combined RTI GAP (15-25k vehicle, 15k limit)
48Mth Combined RTI GAP (25-50k vehicle, 15k limit)
48Mth Combined RTI GAP (50-85k vehicle, 15k limit)

A few things to bear in mind:

  • Available on vehicles up to 7 years of age at inception with a maximum retail purchase price of £85,000 (POA for values over £85,000)
  • A further 12 month 'top up' is available with either a £3,000 or £5,000 claim limit (this option must be taken up prior to expiry of original GAP/RTI policy)
  • Negative equity (any outstanding debt transferred from a previous vehicle or financial arrangement) is not covered under the policy
  • Combined GAP is available for most new or used cars or vans and provides cover for 36 months
  • Your vehicle will not be covered if it's stolen by anyone who has access to the keys, unless access was gained through forcible means
  • Your vehicle must be used only for private use on a public highway
  • Your vehicle will not be covered if no motor insurance settlement has been paid
  • If you are offered a replacement vehicle and do not accept, this may result in no benefit being paid by the policy

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Aprite (GB) Limited t/a West Way Nissan, t/a West Way is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts.

Aprite (GB) Limited t/a West Way Nissan, t/a West Way is authorised and regulated by the Financial Conduct Authority for consumer credit activity and our registration number is 311404.

Aprite (GB) Limited is a limited liability company registered in England and Wales under number 3261643 with its registered office at The Rivers Office Park, Denham Way, Maple Cross, Rickmansworth, Hertfordshire, WD3 9YS

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