If you bought your vehicle outright, this is where this portion of the policy comes in.
This will ensure that you will get back what you paid for the car with a valid claim. For example, if you paid £20,500 for your car and it is written off, your insurance company will pay £16,000 as this is its current value. However, this means you’re looking at a shortfall of £4,500 – an eye-watering amount.
However, with the Big Asset Protection, you will receive an RTI payout of £4,500 to top it up to the price you originally paid. Bigger payout, next better car!