It’s what your car would choose!
Forget the cost of servicing and fuel - the biggest whole life motoring expense is vehicle depreciation.
Whether you choose a new car or a used one, over time most vehicles depreciate at a similar rate. When you decide to change your car you plan for this depreciation within your budget. But what happens when you are forced into replacing your car unexpectedly, as happens if your vehicle is stolen or written off?
Simple – you rely on your car insurance; it’s what it is there for.
But look out – car insurance is different from most forms of insurance as it is rarely ‘new for old’ cover. They will only cover the value of the vehicle at the time of loss - not what you paid for it and this may leave you with a shortfall of £1000’s to find a suitable replacement.
Asset protection provides a valuable top up to your car insurance and will help safeguard the value of your vehicle against this depreciation shortfall, which may help to replace your vehicle with one of a similar quality.
What’s more, it will also pay up to £250 towards your insurance excess and an additional £1500 to cover dealer fitted accessories.
Vehicle Replacement Protection
In the event of the total loss of the insured vehicle this insurance will pay a maximum benefit equal to the difference between your motor insurance settlement and the cost of a Replacement Vehicle matching the original specification, or if greater, the amount you require to pay your early settlement amount. This payment will be inclusive of the excess deducted by your motor insurer up to a limit of £250.
Retail Price Protection
In the event of the total loss of the insured vehicle this insurance will pay a maximum benefit equal to the difference between your motor insurance settlement and the invoice price of the Insured Vehicle, or if greater, the amount you require to pay your early settlement amount. This payment will be inclusive of the excess deducted by your motor insurer up to a limit of £250. Cover is subject to Terms and Conditions.
Questions regarding your cover...
1. Who is covered under the policy?
Asset Protection covers the person named as the insured on the policy schedule.
2. Does the policy cover more than one car?
No, only the vehicle shown on the policy certificate is covered
3. What type of motor insurance do I need?
Your vehicle must be covered by a fully comprehensive insurance policy
4. Is there a minimum age requirement?
You must be eighteen years of age and hold a provisional or full driving licence.
5. Are there any restrictions on the vehicle use?
Yes, your vehicle must be under 3500 kg and not be used for hire or reward, courier, taxi, delivery, or driving instruction use.
6. What happens if I sell my car?
The balance of cover can be transferred to your new vehicle.
7. How do I make a claim?
One telephone call to our claims team and they will assist you through the entire claims process.
For more details about Asset Protect contact your nearest Yeomans Toyota centre.