Excess Insurance Cover
Why Use Our Excess Insurance Cover
Vandals damage your customer`s vehicle, it wasn't their fault but they are expected to pay...
They have an accident and their car is a Total Loss and they are expected to pay...
Whether it be a voluntary excess to lower the motor insurance premium or a mandatory excess, they are expected to pay...
Our Motor Excess Insurance or Waiver products cover all these eventualities.
What is covered?
Subject to payment of the premium / Waiver fee by the customer, we will pay the costs, where they make a claim under their Motor Insurance Policy and as part of that claim, they incur an Excess.
Motor Excess Insurance
We will cover the lower of either the Claim Limit selected or the Excess due on their Motor Insurance Policy, subject to:
The vehicle repairs in connection with the claim under their Motor Insurance Policy being completed or;
In the event of the Insured Vehicle being declared a Total Loss by their Motor Insurer, the replacement vehicle is purchased by them is from our Approved Dealer Network.
Motor Excess Waiver
We will cover the lower of either the Claim Limit selected or the Excess due on their Motor Insurance Policy, subject to:
The vehicle repairs in connection with the claim under their Motor Insurance Policy being completed by Our approved repairers or;
In the event of the Insured Vehicle being declared a Total Loss by their Motor Insurer, the replacement vehicle is purchased by them is from our Approved Dealer Network.
Courtesy / Loan Vehicle Cover
This Motor Excess Insurance / Waiver can be used to cover a courtesy vehicle owned by the Approved Repairer whilst the customers own vehicle is being repaired or serviced. The courtesy/loan car must be insured on the customers own motor insurance policy.
Transfer Of Cover
If the customer sells the covered vehicle, they may apply to Us to keep the policy and transfer it to their new vehicle, so long as the new Vehicle meets all the same eligibility criteria, but they must, at their own expense, provide the Administrator with:
A copy of the receipt detailing the new vehicle purchase, which should list the vehicle details (including but not limited to: vehicle registration, make, model, supplying dealer, date of purchase and mileage at time of purchase);
A copy of the V5 transfer document for the new vehicle;
A £15 transfer fee to the Administrator. Any Policy transfer request mist be registered with Our Administrator within 30 days of the vehicle sale; any transfer request outside of this period will be refused. Any transfer is subject to the original terms & conditions.
Eligibility
The invoice price / current market value of the covered vehicle does not exceed £100,000 at the time cover commences.
The covered vehicle is less than 12 years old at the time cover commences.
The covered vehicle has a maximum GVW of 7.5 tonnes.
The Covered vehicle has less than 80,000 recorded miles at the time cover commences.
Main Benefits
Periods of 30 days, 12, 24, 36, 48 or 60 months with 1 claim per term available.
Cover for all vehicle types under 7.5 GVW.
Underwritten by Acasta European Insurance Company Limited.
10 month payment option (0% APR available with a subsidy).
Claim limits of £100 to £2,000 per claim.
Covers courtesy / Loan vehicles up to 30 days per annum.
We pay the repairer direct - no need to pay first and then reclaim.
No policy excess.
Significant Benefits Over Our Competitors Products
Periods of 30 days, 12, 24, 36, 48 or 60 months with 1 claim per term or 1 claim per annum available.
Cover for all vehicle types under 7.5 tonnes GVW.
Underwritten by Acasta European Insurance Company Limited.
10 month funding option available to allow customers to spread costs - 0% APR (Subsidy payable).
Claim limits of £100 to £2,000 per claim.
Covers courtesy / loan vehicles for up to 30 days per annum.
We pay the repairer direct - no need to reclaim of paying first.
No policy excess.
Transferable to a replacement vehicle that meets the eligibility criteria.
Available as dealer waiver or insurance.