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How it works

  • A costly insurance write-off could leave you out of pocket, at the very time you need to pay for a new car. With our Financial Shortfall Insurance you can put the incident behind you and get on with finding a new car.
  • Motor insurers typically pay you the market value of your car at the time the incident occurs and not the price you originally paid. Our Financial Shortfall Insurance can 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 no costly pay out for you and makes finding a genuine like-for-like vehicle replacement much more achievable.

Financial shortfall insurance is available on both new and used vehicles

Please contact your local dealer, who will be happy to take you through the details.

Terms & Conditions

This Insurance is underwritten by MAPFRE Asistencia Compañía Internacional de Seguros y Reaseguros Sociedad Anonima. Alpha House, 5th Floor, 24A Lime Street, London, EC3M 7HS.

Company Number: FC021974. Branch Number BR008042. MAPFRE Asistencia Compañía Internacional de Seguros y Reaseguros Sociedad Anonima is authorised by Dirección General de Seguros y Fondos De Pensiones and are subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available on request.

This insurance is administered by Abraxas Insurance Administration Services Limited trading as PSA Finance Insurance Administration Services who acts on behalf of the Insurer. Abraxas Insurance Administration Services Limited is authorised and regulated by the Financial Conduct Authority with FCA number 308702. Abraxas Insurance Administration Services Limited is registered in England and Wales with company number 02928787 and its registered office is at One Victoria Street, Bristol Bridge, Bristol, BS1 6AA.

PSA Finance UK is part of the PSA Group and is responsible for arranging this product. PSA Finance UK Ltd (company registration number 01024322) whose registered office address is at 61 London Road, Redhill, Surrey RH1 1QA. Transactions entered into for the above insured products are covered by the Financial Ombudsman Service dispute resolution scheme and the Financial Services Compensation Scheme.

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