Asset Protection & Excess Cover

Introducing your Asset Protection & Excess Cover

As a vehicle owner or keeper, you may already have comprehensive motor insurance that provides coverage in case of accidents or theft. However, did you know that in the event of a total loss, your insurance payout may not return you to the original invoice price of your vehicle?

This is where APEX insurance comes in. APEX insurance can provide you with additional protection by covering the difference between the insured value of your car at the time of loss and the greater of the purchase price of your car or the amount outstanding under your finance agreement (if any). With APEX insurance, you can be assured that you won't face a financial shortfall if the worst happens. Plus, with coverage up to £50,000, you can have peace of mind knowing you're fully protected.

Key Benefits

Financial Protection: Protects against a financial shortfall should the worst happen

Return To Invoice (RTI): You will receive a payout equal to the original invoice price of the car, even if the current market value is less than that amount.

Peace of Mind: Enables you to purchase an equivalent vehicle and get back on the road

Sustainable Savings: No need to increase borrowings or use savings

What is covered

• APEX cover up to 36 or 48 months
• A maximum benefit of up to £50,000 depending on the policy
• Up to £500 contribution towards the motor insurer excess
• In the event of a total loss, the policy will arrange a temporary replacement vehicle, for up to 30 days and for a maximum of £30 per day
• For non-total loss claims, we reimburse the applicable excess, up to £500 per policy year
• Any factory fitted options and dealer fitted accessories up to £1,500, and that are shown separately on the purchase invoice

[All amounts are inclusive of VAT]

Important Information: Before purchasing, please review the ‘What is not covered’ section to understand the full terms and exclusions.

What is not covered

• Any incident that is reported after 30 days
• Any incident that occurs while driving without a valid and comprehensive motor policy in place
• Any incident that occurs while driving under the influence of alcohol or drugs
• Any incident that occurs while driving outside of the limitations of your motor policy, such as racing or using the vehicle for hire or reward