Asset Protect Insurance

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phone  : 0800 205 5594
  email : enquiries@coverudirect.co.uk
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Asset Protect Insurance

 

Asset Protect Insurance

 

The Asset Protect Insurance covers;

 

New Vehicle Replacement (VRI)
In the event of Your Vehicle being declared a Total Loss, this Insurance will pay the difference between the Retail Market Value of Your Vehicle at the Point of the Total Loss and the cost of a Replacement Vehicle matching the original Vehicle specification or equivalent superseding model in the event this is no longer available.

Asset Protection Insurance (API)
In the event of Your Vehicle being declared a Total Loss, this Insurance will pay the difference between the Retail Market Value at the Point of Total Loss and the Vehicle Purchase Price. Under both options detailed above, 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 Vehicle Purchase Price or Replacement Vehicle cost, this Insurance will pay the difference between the Retail Market Value at the Point of Total Loss and the Outstanding Finance Balance.

Cover will include up to £250 of Your Motor Insurance excess and up to £2,000 of dealer fitted accessories, non-transferrable Motorway Direct Plc insurance premiums / guarantee fees, protection applications that were supplied along with the original vehicle and detailed on the invoice in the event of a valid claim.

The maximum amount we will pay is restricted to the claim limit chosen when taking out the policy.

 

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