Accessories, Spare Parts, Services

Write Off Finance Protection

protection for vehicle write off

Write Off Finance Protection

can you afford to take the risk?

Writing off your truck in a serious accident can be both very costly and inconvenient for your business. Also your insurance company will normally only pay you the market value of your truck at the time it was written off.

WHY AFFECT THE LIQUIDITY OF YOUR BUSINESS TO GET YOU BACK ON THE ROAD SHOULD THE WORST HAPPEN?

Depending on the needs of your business, we offer two valuable solutions to protect you from the possible financial loss you are likely to incur following a vehicle write off.

 

protection options

Financial Shortfall Protection (GAP)

If your vehicle is written off our GAP will pay the amount by which the balance on your outstanding finance exceeds the insurance settlement figure offered by your insurance company on your comprehensive motor vehicle insurance policy. The policy benefits of financial shortfall protection are paid directly to your lender.

Return to Invoice Advanced Protection (RTIA)

If your vehicle is written off, the Renault Trucks RTI Advanced policy write off protection will pay the difference between the comprehensive insurance settlement and the greater of:
a) the original invoice price paid for the vehicle or
b) the amount outstanding on finance at the time of loss, excluding any amount financed above the original purchase price of the vehicle.