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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 Protection (RTI)
If your vehicle is written off, our RTI policy write off protection will pay the difference between the comprehensive insurance settlement and the original invoice price paid for the vehicle. The policy benefits of return to invoice protection are paid directly to you.
