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Vehicle Replacement Insurance

Protect Yourself in the event of a WRITE OFF! With vehicle replacement Insurance

VEHICLE REPLACEMENT INSURANCE: This product will cover the difference between your motor insurers settlement figure and the cost of buying a brand new vehicle, equivalent to the vehicle you had before up to the benefit limit, whether you own the vehicle outright or is on finance.

VEHICLE REPLACEMENT INSURANCE QUOTATION More Information
Invoice price of car
including deposit:		 £
Vehicle Finance: If over £100,000 please
contact us.
Was the vehicle purchased after 4th September 2008? Yes No
Length of cover from
vehicle purchase date?
Amount of cover:
Promotional Code:
Pay shortfall between motor insurers settlement and value of car today...
VIEW POLICY WORDING
VIEW POLICY SUMMARY
Total Premium:
£141.00

OTHER RELATED PRODUCTS

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3 Year policy
Vehicle Value: £0.00
Maximum Rental: £1,500 exc VAT per month
Benefit: £5000.00
Premium: £91.50

Have you Purchased or Financed a New Vehicle?

If the answer is YES, have you thought what might happen if you write off your vehicle due to an Accident, Fire or Theft?

Vehicles depreciate dramatically. If your Vehicle is written off or stolen it is more than likely that your motor insurer will pay you less than the original purchase price you paid. This could be made worse if the cost of a new replacement vehicle has increased in price, unless you have Vehicle Replacement Insurance.

WITHOUT VEHICLE REPLACEMENT INSURANCE - WHAT DOES THIS MEAN TO YOU AND YOUR BUSINESS?

You will have no car!
If your vehicle was financed you may still owe money to your finance company, you will need to find additional money to buy a car of similar quality to that which you bought originally.

*Please refer to the Policy Summary for further details.

Why you should protect yourself with Vehicle Replacement Insurance:

  • Over 500,000 vehicles become a total loss each year. UK Car Crime is a third of all crime.
  • A vehicle is stolen every minute, 33% of these are never recovered.
  • Cars seem to be depreciating at a far greater rate than ever before.
  • Motor Insurance settlements are always less than the price you pay for your car.
  • When a write off occurs you lose out and have to raise the funds for any shortfall and the deposit on your new vehicle.
  • Write off's occur all too often, protect yourself.

Example:

Original Cost of your car:£20,000
18 months later the car is stolen or is in an accident and declared a total loss.
An equivalent replacement car now costs:£21,500
The insurance company pays you only:£14,000

Vehicle Replacement Insurance will provide you with a brand new replacement vehicle, equivalent to the one you had before. To replace your car you will need to find an additional £7,500

The example shown is for illustration only.