Guaranteed Protection Insurance

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Our Guaranteed Asset Protection is designed to complement existing motor insurance cover by helping customers deal with the additional expense that is often involved when a car is stolen or written off. By paying an additional amount it helps customers either settle a finance agreement or purchase a replacement vehicle, it gives reassurances that customers will not be left out of pocket if they lose the use of their vehicle.

The product has three variants:

  • Finance or Shortfall pays the difference between the outstanding balance of the finance arrangement
    and the insured value
  • Index pays a defined percentage of the market value prior to loss
  • Return to Invoice or Back to Invoice pays the difference between the invoice price and the insured value. 

Consumer Benefits

Cars are a big financial commitment for most customers. Providing security for their outlay is therefore critical. Our product gives customers reassurance that they will be able to settle a finance agreement or purchase a like-for-like replacement if their car is written

Distributor Benefits

As car ownership is at an all time high, with many households having multiple vehicles, this product has a very wide customer appeal, especially at a time when cars are increasingly depreciating in value.