BMW Shortfall
Protects you from losing out financially if your car is written off or stolen
Have you thought about what would happen if your car was written off, for example, due to a third party, a fire or theft? In these circumstances you often end up being worse off financially, because your insurer is unlikely to give you back the price you paid for your car.
Also, if you bought your car using finance, your insurance pay out may not be enough to cover the balance you owe your finance company. In these difficult situations, BMW Shortfall offers you protection against losing out financially.
BMW Shortfall offers cover in the following ways:
BMW Shortfall pays the difference, up to the level of cover you choose, between;
-
the comprehensive motor insurer’s settlement figure and vehicle invoice price,
or (if a greater amount)
- the comprehensive motor insurer’s settlement figure and the outstanding finance amount.
Motor insurers will generally pay you the market value of your car at the time it is written off. With BMW Shortfall you are covered for any change in value, no matter how old your car is (including any depreciation), up to the level of cover you choose.
Further benefits of BMW Shortfall
- Immediate cover for new and used cars, with no mileage limit.
- Policies can be taken out up to 120 days after the delivery date of your vehicle.
- You can tailor the level of cover to suit you. Cover levels of £10,000, £15,000, £20,000 and £30,000 are available, up to a maximum of 100% of the original invoice price of your car.
- We can provide cover for 2, 3 or 4 years, allowing you to choose how long you would like cover for.
- You can pay for your policy either in one payment or 12 monthly instalments (at no extra cost), whichever you prefer.
- If your car is written off or stolen (and not recovered) in the first 12 months and you make a claim under the 'new for old' replacement car benefit of your car insurance policy, the remaining term of your Shortfall policy will be transferred to your new car.
- We also cover up to £2000 worth of dealer fitted options.
- In the event of a total loss, our experienced BMW Protect Services team will be on hand to guide you through the claims process.
To find out more about BMW Shortfall and to get a quote, please contact your local BMW dealership or call BMW Protect Services on 0845 641 9732.
BMW Protect Services lines are open Monday to Friday 9am-6pm.
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