- Protects you against any financial shortfall should your vehicle be written off or stolen
- Removes any requirement to borrow money or use savings to replace your vehicle
- Returns you to the original position you were in before the date of loss
In most cases, from the moment a vehicle leaves the dealership, it will start to depreciate at a rate that is dependent upon how old it is, and how many miles it has clocked.
In the event that a vehicle is written off as a result of an accident, fire or theft, most insurers will only pay out the market value of the vehicle at the time of loss. This is often considerably less than its original value, and could mean that there is a shortfall on the outstanding finance, or the cost of replacing it with an equivalent vehicle.
Depending on how you choose to purchase or fund your vehicle, we offer a range of products to protect you and your vehicle: