Guaranteed Asset Protection Insurance comes in various forms all essentially bridging the gap between the insurance settlement in the unfortunate event of a total loss due to severe vehicle accident and the cost of either a replacement vehicle or in some cases between the finance outstanding at the time of the loss.
VRP
Vehicle Replacement Insurance is designed to help protect your customers against financial loss should their vehicle be written
off by their motor insurance, paying the difference between the motor insurance settlement and the current purchase value of a replacement vehicle.
RTI
Vehicle Replacement Insurance is designed to help protect your Customers against financial loss should their vehicle be written
off by their motor insurance, paying the difference between the motor insurance settlement and the original Invoice value of the car.
SFI
Shortfall Protection pays the difference between the settlement from your fully comprehensive road risk insurer and the early settlement figure on your finance agreement (excluding arrears) plus a cash benefit of up to 20% of the invoice Price.
Lease GAP
If within the period of insurance an incident occurs which results in your vehicle being classed as a total loss by your motor insurance policy underwriter we will pay your Deposit directly to you/finance company, and your termination figure to finance company to settle your lease agreement.
Agreed Value
If within the period of insurance an incident occurs which results in your vehicle being classed as a total loss by your motor insurance policy underwriter we will pay the financial shortfall between the Agreed Value and insured value of your vehicle up to the sum insured.
SMART Repair Insurance
Small Motor Accident Repair Technology has been designed to help customers keep their vehicles looking as good as the day they bought them, by repairing minor but annoying cosmetic damage avoiding long delays at bodyshops and not requiring accident reports due to their minor nature.
We can also offer:
Tyre Insurance
In the event of a tyre on a customers vehicle suffering sudden and unforeseen damage, Tyre Insurance will pay for the repair or replacement of the tyre.
Alloy Wheel Insurance
Customer peace of mind is assured with Alloy Wheel Insurance by keeping customers alloy wheels in good condition, covering accidental damage repair costs.
Extended warranty has been a commonplace offering to motorists for some years and over that time it has become a value generator for consumers and service departments. There are many variations on extended warranty. Some are almost exact mirror copies of the original manufacturers warranty issued with the vehicle when it was first sold and brand new, and others have mileage limitations and reduced cover to suit older models which would have suffered a degree of wear and tear.
There are also extended warranties for pre-owned vehicles which cover just drive train right through to comprehensive cover based on the condition of the vehicle.