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| What is Return To Invoice Insurance? |
If your car is declared a "Total Loss" by your motor insurance company, you will only be paid out the "current market value" of the vehicle at the time of the loss - NOT WHAT YOU ORIGINALLY PAID and therefore not enough to buy the same vehicle again.
Fortunately, we can soften the blow with RETURN TO INVOICE INSURANCE [RTI], it pays out as a supplement to your comprehensive motor insurance, so you can afford to replace your vehicle with a similar model.
If your vehicle is deemed a Total Loss by your Motor Insurer, either as a consequence of an accident, or if it has been stolen and not recovered, Return to invoice will pay the difference between:
'The Motor Insurance settlement or Glass's Guide Retail Value, whichever is the greater (Market Value), and the net invoice price you paid for your vehicle.' |
| What are the benefits of RTI? |
Please note that a copy of the full terms and conditions for this Return to Invoice Insurance Policy are available at any time on request.
Maximum Benefit of £25,000
Covers you for up to 3 full years
Covers vehicles up to 10 years old
Available for vehicles up to £75,000
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| How can RTI benefit you? |
Return to Invoice Insurance Pays the Shortfall.
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| Example: |
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| Eligibility |
To be eligible for Return to Invoice Insurance your vehicle must satisfy the following eligibility criteria:
The vehicle is up to 10 years old
The invoice price of the vehicle is less than £75,000
The vehicle will be fully comprehensively insured throughout the term of the policy
The vehicle is less than 3.5 tonnes in GVW
The vehicle will not be used for hire or reward (e.g taxi/ speed testing / etc.)
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Additional Benefit - Finance GAP
If any settlement on your dealer arranged car loan is greater than the amount covered under your RTI policy, then Finance GAP will actually settle this higher figure. What's more, Finance GAP will cover you for the full-term (up to 60 months) of your loan.
You must be insured under a Comprehensive Motor Insurance Policy.
The total benefit will not provide benefit for any warranty charges, insurance premiums, service plans and road fund licence included in the purchase price of your vehicle.
Negative equity from a previous vehicle is not covered under this policy.
The total benefits payable under this policy shall not exceed £25,000.
Your insured vehicle is less than or equal to 10 years old at the invoice date.
The purchase price of your vehicle does not exceed £75,000.
Your Total Loss is covered when it occurs within Great Britain, Isle of Man, Channel Island or member countries of the European Community.
Market value is the greater of either the Insurance Company payout or Glass's Guide Retail Value.
You will not be covered in respect of any excess deducted under your Comprehensive Motor Insurance Policy over £250.
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| COSTS START FROM JUST £299 - ASK YOUR SALESPERSON FOR MORE DETAIL. |
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