Total Loss Protection

Contract Hire Finance GAP includes:

• The difference between your vehicle's insured value and the amount needed to settle your contract hire or lease agreement, subject to your policy limit.*

• Your initial rental payment, up to £5,000.

• A £500 total loss inconvenience payment.

• Up to £500 towards your motor insurance excess following a total loss, where it cannot be recovered from a liable third party.

• A contribution towards a temporary replacement vehicle of up to £30 per day for 30 days.

• Additional motor insurance excess cover of up to £500 per policy year for successful claims that aren't related to a total loss.

Return to Invoice Insurance includes:

• The difference between your vehicle's insured value and its original purchase price or outstanding finance settlement, whichever is greater.**

• A £500 total loss inconvenience payment.

• Up to £500 towards your motor insurance excess following a total loss, where it cannot be recovered from a liable third party.

• A contribution towards a temporary replacement vehicle of up to £30 per day for 30 days.

• Additional motor insurance excess cover of up to £500 per policy year for successful claims that aren't related to a total loss.

*Contract Hire Finance GAP has a maximum benefit of £15,000, £20,000, £25,000 or £35,000, depending on your policy schedule.

**Return to Invoice cover is subject to a maximum benefit of your vehicle's purchase price, up to £50,000.

Total Loss Protection does not cover every situation. Some of the main exclusions include:

• Finance arrears, negative equity or associated charges.

• Discounts, contributions, delivery charges, road tax, registration fees and administration fees.

• Grants, scrappage schemes, cashback offers or battery hire.

• Deductions made by your motor insurer for damage unrelated to the total loss or the general condition of your vehicle.

• Claims where your motor insurer has offered to repair your vehicle but you've requested a total loss settlement instead.

• Claims where your motor insurance provides a replacement vehicle.

• Vehicles or drivers without valid comprehensive motor insurance.

• Vehicles insured in connection with the motor trade.

• Additional excess claims where the excess has been waived or reimbursed, the claim value doesn't exceed the excess, or the claim relates to glass repairs or damage during routine servicing or repairs.

For Return to Invoice Insurance, discounts and contributions are also excluded from the purchase price used to calculate your benefit.

These are some of the main exclusions. Please refer to your policy terms and conditions for the full list.

To be eligible, you must meet the following requirements:

• You must be a resident of the UK, Channel Islands or Isle of Man.

• You must be the policyholder or a named driver on the vehicle's comprehensive motor insurance policy throughout the policy term.

• You must purchase your policy from the supplying dealer within 90 days of purchasing, hiring or leasing your vehicle, depending on your chosen cover.

• Your vehicle must have comprehensive motor insurance throughout the policy term.

• Your vehicle must not be used for excluded purposes such as hire and reward, courier work, driving tuition, chauffeuring, racing or competitive events.

Additional requirements for Return to Invoice Insurance:

• Your vehicle must be less than 10 years old when purchased.

• Your vehicle must have a purchase price of at least £5,000.

Certain vehicle types are excluded from cover, including taxis, emergency vehicles, commercial vehicles over 3.5 tonnes, motor homes, daily rental vehicles and breakdown and recovery vehicles.

Please check your policy terms and conditions for the full eligibility requirements and exclusions.

Before you accept any offer or valuation from a motor insurer, you must notify the administrator. If you accept an offer of settlement from the underwriters of the Motor Insurance Policy of less than the current Market Value of your vehicle before contacting the administrator, then we reserve the right to assess the loss at the current market value of the vehicle by reference to Glass’s Guide Retail Transacted value at the date of total loss.

You can manage your policy by creating a ‘MyPremia’ account with the Administrator by logging onto https://www.mypremia.co.uk/ and clicking ‘Register Account’. Your ‘MyPremia’ account will allow you to access your policy documents, update personal details and submit or manage a claim.

Alternative contact details can be found within your policy document.

The full list of limitations, exclusions, terms and conditions is given in the Total Loss Protection policy document.

Policy administered by

Premia Solutions Limited
3 Corunna Court
Corunna Road
Warwick
CV34 5HQ

Premia Solutions Limited is authorised and regulated by the Financial Conduct Authority.