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Ways
To Pay
Vehicle Replacement Insurance (VRI)
If your vehicle is stolen or written off, you will only receive the market value of your vehicle as determined by your motor insurer.
Some statistics you may not be aware of
- Over 300,000vehicles become a total loss each year
- Car crime is 20% of all crime
- Over a third of vehicles stolen are never found
Source - Home Office Briefing Note, June 2001
So what is the risk?
- In the event of your vehicle being declared a total loss, your motor insurers will only pay the current market value for yoir vehicle
- YOU will have to pay the diffeence between what your motor insurers pay and the cost of a new vehicle
Fact
- Vehicles can depreciate by up to 50% over a 3 year period
Benefits of Vehicle Replacement Insurance (VRI)
In the event of a total loss, Retun to Invoice will cover the difference between your motor insurers settlement and the original cost of your vehicle up to the total level of cover (£10,000). This cover is available for up to 3 years and includes any excesses your motor insurers may apply in respect of the claim (up to £250).
Eligibility
Any vehicle registered and principally used in the UK, having a maximum purchasing price (including factory fitted accessories, but not dealer fitted accessories and VAT where applicable) of £25,000.