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GAP Insurance With The JCB Group And Auto Protect

Guaranteed Asset Protection is an optional facility available from our dealerships. Our Sales Consultants will be happy to answer your questions or clarify the policy benefits and exclusions.

What Is GAP Insurance?

Guaranteed Asset Protection insurance, or GAP insurance, incorporates Return To Invoice cover (RTI) and Finance Guaranteed Asset Protection (Finance GAP).

What Does It Do?

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 the worst happens and 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 on your finance agreement.

Guaranteed Asset Protection 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. There are some exclusions though.

An Example Of How RTI Works

You pay £18,500 for your vehicle.
Your vehicle is written off.
Your motor insurance company pays out £12,000.
An RTI pay-out of £6,500 tops it up to the price you originally paid.

An Example Of How GAP Works

You pay £18,500 for your vehicle.
Your vehicle is written off.
Your motor insurance company pays out £12,000, but you still owe £19,200 on your finance agreement.
A Finance GAP pay-out of £7,200 makes up the difference.

You will be asked if you wish to take out GAP insurance on purchase of your new car or van. If you would like more information, please speak to any one of our Sales Consultants who will be happy to help.

Download information sheet and video link.