It's a fact of life that your vehicle will almost certainly lose value over time - the chances are you'll never get back what you paid for it. But Total Loss Protection can help make depreciation a thing of the past in the unfortunate event of your vehicle being written off.
Why do I need it?
As soon as you drive your new car off the forecourt, it starts to lose value. And the newer the car, the more quickly it depreciates. Total Loss Protection helps to prevent a financial shortfall if your car is written off in an accident. You may have outstanding finance bills to settle which may not be covered by your insurer's payout, and you almost certainly won't get back what you paid for it. Our policy helps you to either pay off your outstanding loan or finance, or buy a replacement more in keeping with the car you drove off the forecourt.
What about modified and classic cars?
Modified or classic cars are often insured on an agreed value basis, however there may be some circumstances where agreed value is not available, such as a heavily modified car insured with no mileage restriction, or a classic vehicle that is kept on the road in certain parts of the country. For these people, Total Loss Protection can be an invaluable top up to ensure they receive the true value of their vehicle in the event of a total loss claim.
How much will it cost?
The premium is based on your vehicle's car insurance policy premium, as follows:
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