Understand RTI Gap Insurance: Protect Your Investment with Ping Insure
Purchasing a new vehicle is a significant investment, and protecting that investment is crucial. At Ping Insure, we understand the value of your car and the peace of mind that comes from knowing your investment is safeguarded.
That’s why we offer Return to Invoice (RTI) Gap Insurance, designed to ensure that you are not left out of pocket if your vehicle is declared a total loss due to an accident or theft.
What is Return to Invoice Gap Insurance?
Return to Invoice Gap Insurance, or RTI Gap Insurance, is a specialised type of gap insurance that covers the difference between the amount your motor insurer pays out (the car’s depreciated value) and the amount you originally paid for the vehicle or the remaining balance on your finance agreement, whichever is higher.
This insurance is especially beneficial for new car owners, or those with high-value vehicles, providing peace of mind that you won’t suffer a financial loss if your car is totaled or stolen.
Key Features of Ping Insure’s RTI Gap Insurance
At Ping Insure, we pride ourselves on offering comprehensive and customer-centric insurance solutions. Here are some of the standout features of our RTI Gap Insurance:
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A-Rated Insurers: We only use A-rated insurers, ensuring that you receive reliable and high-quality coverage.
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Motor Excess Contribution: We contribute up to £500 towards your motor excess, reducing your out-of-pocket expenses.
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Unlimited Claims Limit: Our policy offers an unlimited claims limit up to £50,000, giving you extensive coverage.
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Inclusive Cover: Our RTI Gap Insurance covers all named drivers over the age of 21 on your policy, providing flexibility and convenience.
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Free Policy Transfer: You can transfer your policy for free on our RTI and VRI products, making it easier to switch vehicles without additional costs.
How Does RTI Gap Insurance Work?
In the unfortunate event that your vehicle is declared a total loss, either due to an accident or theft, the settlement from your motor insurer is typically based on the current market value of the car. This amount can be significantly lower than the original purchase price, especially given how quickly vehicles depreciate.
Here’s how RTI Gap Insurance from Ping Insure steps in to protect you:
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Assessment of Total Loss: If your vehicle is declared a total loss, your motor insurer will provide a settlement based on the car’s market value at the time of the incident.
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Gap Calculation: Our RTI Gap Insurance will calculate the difference between this settlement and the higher of either the outstanding finance on your vehicle or the original invoice price.
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Payment of the Gap: Ping Insure will then pay this difference, ensuring you are not left out of pocket.
Why Choose Ping Insure for RTI Gap Insurance?
Choosing the right insurance provider is crucial for ensuring comprehensive protection and excellent customer service. Here’s why Ping Insure stands out:
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Simplicity and Transparency: At Ping Insure, we believe in making things simple. Our policies are straightforward, with no hidden terms or complex jargon.
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Comprehensive Coverage: With coverage up to £50,000 and a contribution towards your motor excess, our policies offer extensive protection.
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Flexibility: Our cover extends to all named drivers over 21 on your policy, and you can transfer your policy for free if you switch vehicles.
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Reliability: By partnering with A-rated insurers, we ensure that you receive dependable and high-quality coverage.
Who Can Benefit from RTI Gap Insurance?
RTI Gap Insurance is particularly beneficial for:
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New Car Owners: New vehicles depreciate quickly, and RTI Gap Insurance can protect your investment by covering the difference between the depreciated value and the original purchase price.
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Financed Vehicles: If you have financed your vehicle, RTI Gap Insurance ensures that you are not left with an outstanding loan balance in the event of a total loss.
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High-Value Vehicles: Owners of high-value vehicles can benefit from the extensive coverage limits offered by our policies.
How to Get Started with Ping Insure
Getting started with Ping Insure’s RTI Gap Insurance is simple and straightforward. Browse our insurance products now at Ping Insure and learn more about our policies and get a quote tailored to your needs. Our user-friendly platform allows you to easily understand your coverage options and choose the best policy for your vehicle.
Secure Your Investment with Ping Insure’s RTI Gap Insurance
Investing in a new vehicle is a significant financial commitment, and protecting that investment is essential. Ping Insure’s Return to Invoice Gap Insurance offers comprehensive coverage, ensuring that you are not left out of pocket in the event of a total loss.
With features like motor excess contribution, extensive coverage limits, and policies backed by A-rated insurers, Ping Insure provides the peace of mind you need.
By choosing Ping Insure, you are opting for a reliable, straightforward, and comprehensive solution to protect your valuable investment. Don’t let depreciation and unexpected events leave you financially strained—secure your vehicle with our RTI Gap Insurance and drive with confidence.
To obtain your bespoke quote today and experience the peace of mind that comes with our RTI GAP insurance coverage, simply fill out our brief quotation form here to get started. If you prefer to speak with a member of our experienced customer service team, feel free to email us at customerservices@coffeeinsure.co.uk.
