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.

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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

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Company Info

24 Greenhill Crescent, Watford Business Park, Watford, United Kingdom, WD18 8XN

Reg Office: PALMERS (Pennine Way) LIMITED Pennine Way Redbourn Road Hemel Hempstead Hertfordshire HP2 7AZ

Reg. Company Number: 03437233

VAT Reg. No. 804803253

FINANCIAL DISCLOSURE

Palmers (St Albans) Ltd is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Palmers (St Albans) Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only. We can introduce you to a selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.

Registered in England & Wales: 03437233 Registered Office: Address: Pennine Way, Hertfordshire, HP2 7AZ, UNITED KINGDOM

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Total Loss Cover

What is Total Loss Cover?

How does Total Loss Cover Insurance work?

Total Loss Cover key features & benefits