If your car is written off or stolen, you will only get back the
current market value of your car on a standard car insurance policy.
So there’s likely to be a “gap” between how much you get for your old
car and how much it would cost to pay off any finance outstanding on it
or to replace it.
Our Vehicle Asset Protector is designed to fill this "gap". If you are a cash customer the insurance will cover the difference between the actual amount you receive under your comprehensive motor insurance and the original purchase price.
If
you are a finance customer, the product provides the alternative
benefit of covering the balance outstanding on your finance agreement
if this payment is higher.
Financial Services Authority
McCarthy Cars UK Limited is authorised and regulated by the Financial Services
Authority. Our registration number is 312057 . You can check this on the
FSA's Register by visiting the website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.
Our regulated status ensures that our Business Managers are highly
trained to discuss and advise insurance products to suit your
individual demands and needs.