Complectus Ltd are pleased to offer Total Loss Protection insurance to enhance their suite of added value insurance products. Total Loss Protection not only addresses delays and financial losses associated with motor claim write-offs, it also responds to the call for add-on products to offer complete transparency and be truly customer centric.
In the event of a total loss claim on the insured vehicle, Complectus Ltd.’s Total Loss Protection policy will pay out up to 20% of the underlying motor insurer’s final settlement figure, enabling the customer to purchase a similar vehicle at dealership retail cost. It also includes a contribution to the insured’s further transportation costs such as hiring a vehicle during the settlement period.
A claim pay out on a total write-off loss can be a time consuming process and is unlikely to fully cover the retail cost for an equivalent replacement vehicle or the costs of travel alternatives a claimant could face. The Total Loss Protection product has been is designed to cover this financial loss, as well as helping to remove the associated hassle and inconvenience this causes.
Peter Powell, Managing Director at Complectus Ltd said “We are always looking to bring new and relevant add-on products to our partners to further enhance our suite of ancillary insurance products. Our Total Loss Protection cover not only responds to customer need but addresses the financial shortfall often incurred by the customer”
Total Loss Protection is available for private motor, commercial vehicles and motorcycles up to 10 years old.
Contact us for more information on Total Loss Protection or developing your portfolio of automotive insurance add-ons’ or standalone products
Notes: Cover is available for private vehicles in the UK up to 10 years of age which are covered by a comprehensive or third party fire and theft motor insurance policy. The policy is provided on an annual basis with a maximum of £12,000 for the policy year.
Complectus Ltd. is an appointed representative of AXA Assistance (UK) Limited which is authorised and regulated by the Financial Conduct Authority. Specialising in the wholesale distribution of insurance products to support our network of regulated insurance brokers, motor retailers and motor vehicle manufacturers.