Introduction to Guaranteed Asset Protection Insurance
- 3 CPD Hours
- Introduction
- Online or Face-to-Face Workshop
Summary
Guaranteed Asset Protection (GAP) insurance and Return To Invoice (RTI) insurance were usually offered by car dealerships for new and used motor vehicles. However, the landscape for GAP insurance along with regulation has changed.
GAP insurance seeks to protect the vehicle buyer by paying the difference between the amount paid by their motor insurance policy and the original purchase price of the vehicle in the event of a total loss (excluding any arrears).
This introductory level workshop will provide a good background of knowledge for those who have not been involved in it previously.
Note: This course will be delivered online and consist of two 80-minute sessions with a break in between.
Course Content
- Overview of GAP insurance and Return To Invoice (RTI) insurance
- Evolution of the GAP insurance landscape and regulation changes
- Purpose of GAP insurance: covering the difference between motor insurance payout and vehicle purchase price in the event of a total loss
Learning Objectives
- Describe the GAP Insurance landscape
- Explain the Regulation that applies to GAP insurance
- Describe the different types of GAP insurance
- Demonstrate an understanding of the difference Policy Covers provided
Ready to book?
Simply complete the booking form with your details and a member of our team will be in touch with the next available dates.
Any questions?
If you’re not quite sure if this course is suitable or are looking for further information, call our team on 0117 244 7221.