COMPLETE CARE - COMBINED GUARANTEED ASSET PROTECTION (GAP)

At Marriott Renault, we understand the importance of protecting your assets when it comes to high-involvement purchases, such as a car. Our combined Guaranteed Asset Protection incorporates Return on Invoice cover (RTI) and Finance Guaranteed Asset Protection (Finance Asset Protection). Taking out this protection policy ensures you are covered in the unfortunate event that your vehicle is written off.

Return To Invoice (RTI) Cover

RTI is designed to pay the difference between a settlement made by your vehicle insurance provider and the original cash price paid for the vehicle after a write off. ​


Finance Asset Protection

Finance Asset Protection​ pays the difference between the settlement made by your vehicle insurance provider and the amount outstanding on the finance agreement - often known as a settlement figure. 


Combined Guaranteed Asset Protection

No matter how you paid for your vehicle, the Combined Guaranteed Asset Protection will pay out the greater option of the RTI or Finance Asset Protection amount, up to the purchase price of the vehicle. (Exclusions apply).

Return To Invoice Example

If you paid £18,500 for your vehicle and it is written off, the insurance company will pay out the vehicle value at the time of the write off, for example £12,000. An RTI pay-out of £6,500 will top it up to the price you originally paid.


​Purchase Price
​£18,500
​Insurance Pay-out
​£12,000
​RTI Pay-out
​£6,500

Guaranteed Asset Protection Example

If at the time of the write off, you owe £19,200 on your finance agreement. The insurance company pays out £12,000 (value at the time). A Finance Asset Protection pay-out of £7,200 makes up the difference.


Purchase Price
£18,500
Outstanding Finance
£19,200
Insurance Pay-out
£12,000
Asset Protection Pay-out
£7,200


COMBINED GUARANTEED ASSET PROTECTION SIGNIFICANT BENEFITS*

  • POLICY DURATION: Available for varying durations. Cover ends earlier in the event of a paid claim or if the vehicle is no longer in your possession​.
  • VEHICLE ACCESSORIES COVERED: Accessories fitted by the dealer and are manufacturer approved are cover up to £1,500. Manufacturer fitted accessories are covered​.
  • WARRANTY AND ROAD FUND LICENCE:Includes the cost of a vehicle warranty and makes a contribution of up to £100 towards road fund licence costs.
  • EXCESS: Provides a contribution of up to £250 towards your insurance policy excess​.
  • SIMPLE TO ARRANGE:Your sales consultant will be happy to answer any questions you may have and confirm your eligibility.
  • CANCELLABLE: If you wish to cancel your policy and do so within 30 days, and no claim has been registered with AutoProtect during this time, we’ll give you a full refund. After that, you may still cancel at any point, subject to a £35 administration fee. You may receive a pro-rata refund which will reflect the length of the term remaining.
  • CLAIM:A range of claim limits are available depending on the premium paid and the purchase price of your vehicle. You can also claim via our free and easy to use app.
  • TRANSFERABLE: If during the first year of cover, the vehicle is written off and you get a replacement vehicle on a “new for old” basis, you can transfer the policy to your replacement vehicle free of charge. You may then transfer any remaining period of insurance on the policy due to a further change of vehicle, on payment of an administration fee of £35, as long as the replacement vehicle falls within the price range specified in your policy schedule.


COMBINED GUARANTEED ASSET PROTECTION SIGNIFICANT EXCLUSIONS*

As with all insurance policies there are some circumstances for which Combined Guaranteed Asset Protection will unfortunately not cover you. You must have in place a fully comprehensive motor insurance policy issued by an authorised UK motor insurer which insures against accidental loss and/or damage to the vehicle throughout the period of insurance. In the event your motor insurer rejects your claim and a settlement payment is not made you will not be covered by this policy.

VEHICLE EXCLUSIONS:

  • The vehicle has been modified in any way from the manufacturer’s specification.
  • The vehicle is used for hire or reward, i.e. taxis or courier vehicles. Alternative plans may be available from your supplying dealership that can provide cover for these vehicles. Please ask us for further information.
  • The vehicle will be used for a competitive event.
  • The vehicle is heavier than 3500kg gross weight.
  • The vehicle is listed in the specifically excluded list; some prestige vehicles and sports cars are excluded: Including, but not limited to, Aston Martin, Bentley, Honda NSX models, Lamborghini, Rolls Royce, and kit cars.

GENERAL EXCLUSIONS:

  • Any total loss due to your negligence or deliberate action.
  • Any total loss as a result of an accident where the driver of the vehicle is under the influence of alcohol, drugs not prescribed by a registered medical practitioner, or drugs prescribed by a registered medical practitioner where a warning against driving has been given

TAX:

Any recoverable Value Added Tax (VAT) where you are VAT registered.

ADDITIONAL COSTS:

Additional costs within the finance settlement for anything other than the purchase of the vehicle. This includes but is not limited to; administration charges, option to purchase charges, late payment charges and arrears, early settlement charges.

NEGATIVE EQUITY:

Which means any sum outstanding from a previous finance agreement, transferred to the new vehicle finance agreemen​t.


If you have any questions or would like to discuss the Combined Guarantee Asset Protection policy with a member of our helpful team, contact Marriott Renault today.

IMPORTANT: Financial Conduct Authority regulations require us to provide you with a separate Combined Guaranteed Asset Protection Key Information document. You are unable to purchase this facility until one day has passed, following receipt of the information outlined in that document. We will contact you on the 4th day to discuss the facility further, however, should you require more immediate cover, you have the right to conclude purchase on day 2 or day 3 by contacting your Sales Consultant. Combined Guaranteed Asset Protection is an OPTIONAL facility available from this dealership. Our sales consultants will be happy to answer your questions or clarify the policy benefits and exclusions. You should be aware that similar plans may be available elsewhere to purchase directly. However, as with any insurance policy, you should confirm that the cover levels of alternative facilities are suitable for your needs.

*You should note that there are certain limitations in terms of the maximum amount you may claim. For full benefits and exclusions, please refer to sections titled ‘What is covered?’ and ‘What is not covered?’ of the policy terms and conditions which will be provided on request.

†This facility is only available to customers that hold live Combined Asset Protection, SMART, Alloy or Tyre policies. *SMART Protection is subject to the terms and conditions contained in the policy schedule. In addition you should note there are certain limitations in terms of the maximum amount you may claim. Please ask us for further details. Bodyshop repairs are guaranteed as per the repairer’s standard Terms and Conditions. #37285