IF YOUR CAR IS INVOLVED IN AN ACCIDENT, STOLEN OR WRITTEN OFF, HOW MUCH WOULD YOUR CURRENT INSURANCE COVER PAY YOU?
that be enough to replace your car?
Total Loss Protection (TLP) pays
the difference between your insurance payout and the original invoice price of
your vehicle purchase. Combined GAP and RTI is an insurance policy which is
subject to the terms and conditions contained in the policy schedule. In
addition you should note that there are certain limitations in terms of the
maximum amount you may claim. A total
loss need not be a total disaster. If your car is stolen or written off, TLP
pays the difference between your insurance company payout and the original
invoice price of your vehicle.
A MAXIMUM AMOUNT TLP WILL PAY?
Yes, there is a maximum amount,
which is the original purchase price of your vehicle. The policy also includes
up to £250 of your insurance excess.
GIVE ME AN EXAMPLE OF HOW TLP WORKS?
If you paid £10,000 for your car
and your motor insurance payout is £7,000, the TLP will pay out £3,000. It's as
simple as that! If you financed your car and the finance outstanding is
£10,500, the TLP insurance will pay out £3,500.
CAN IT BE
TRANSFERRED IF I SELL THE VEHICLE?
Yes, under recent amendments TLP
is now transferable if you decide to change your vehicle, any outstanding full
months can be transferred to your next vehicle*
THE MAXIMUM TERM I CAN HAVE?
Total Loss Protection is
available for a fixed 3 year team.