Total Loss Cover

Should your car be written off, our Total Loss Cover Insurance can cover you for the gap between your cars market value and the original value.

What is Total Loss Cover?

A costly insurance write-off could leave you out of pocket at the very time you need to pay for a new car. At PSA Finance, we understand how much of an impact this can have on your budget and wallet.

How does Total Loss Cover Insurance work?

With our Total Loss Cover insurance, we could cover you for the gap between the market value of your car and either the original invoice price or the outstanding balance on your finance - whichever is the higher amount.

This means there is no costly payout for you, making finding a replacement vehicle much more achievable. With our Total Loss Cover, you can put the incident behind you and get on with finding your new car.

In addition, we will also provide you with a £500 payment towards any expenses you may incur whilst you are without a vehicle, for example to cover taxi fares or hire a replacement vehicle.

View TLC Brochure

Total Loss Cover key features & benefits

  • Total Loss Cover is available on both new and used vehicles
  • Financial protection ensuring that you aren't left out of pocket
  • Covers the gap between the Motor Insurer's market valuation and the original invoice price of the car for up to 3 years or up to 4 years depending upon the cover you chose
  • In the event of an approved claim, we will provide up to £350 towards your excess motor insurance and £500 loss expenses
  • Two levels of cover. Up to 36 months or 48 months with an additional 12 month cover provided for any finance shortfall. Premiums can be made monthly or paid as a one off lump sum