Why should I consider Asset Protector?

If your vehicle is written off as a total loss through an accident, fire, theft or adverse weather conditions, most motor insurance companies would only pay out the current market value of your vehicle, and not the original purchase price of your vehicle when you bought it? Asset Protector Insurance is designed to protect you against any financial loss you could encounter should your vehicle be written off.

Asset Protector Insurance provides a high level of cover and has received the top 5-star rating by Defaqto, the UK’s leading independent financial services rating agency.

How can Asset Protector Insurance help?

In the event of your vehicle being written off, Asset Protector Insurance could pay the difference between the comprehensive motor insurance policy settlement and either the original purchase price, or the finance early settlement amount or the lease early termination charge, whichever is the greater, subject to the claim limit detailed in the policy schedule.

Who can apply?

Asset Protector is available:

  • if the vehicle is under 10 years old and has covered fewer than 100,000 miles;
  • if you are a resident in the UK, the Isle of Man or the Channel Islands on the start date and remain so throughout the period of insurance;
  • if you are either the owner of your vehicle or have a finance, contract hire or lease agreement in relation to your vehicle, or are the registered keeper of your vehicle an you hold a full driving licence which is valid in the UK
  • if you are at least 18 years of age;
  • if you hold a valid policy providing comprehensive motor insurance for your vehicle and continue to do so throughout the period of insurance.

Cover can be purchased within 100 days following the purchase date of your vehicle.

What else is it important I know?

Asset Protector will pay the difference between the comprehensive motor insurance policy settlement and the original purchase price or the finance early settlement amount, whichever is greater;

Cover available for 2, 3 or 4 years and you can pay either by single premium or by 10 monthly instalments.

Asset Protector does not cover any arrears, default or late payment charges, excess mileage charges, maintenance and recoverable VAT, any warranty, new vehicle registration fee, any insurance premiums, road fund licence, fuel and paintwork protection applications or negative equity transferred from a previous agreement which exceeds £2,000.

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