Transferable RTI (15 Month) Finance Shortfall gap insurance + - 15 month

In the event of your vehicle being declared a total loss, this insurance pays the difference between the motor insurers settlement and the purchase price paid for your vehicle.

If you purchased your vehicle under a finance agreement (except where the policy is transferred) and the outstanding finance balance at the point of total loss is greater than the original purchase price, this insurance will pay the difference between the vehicle value at the point of total loss and the outstanding finance balance.

Cover will include up to a maximum of £250 motor insurance excess.

This product  is specifically for clients who have had new for old cover in the first year and did not purchase a gap insurance policy at the outset.