This policy will either pay your finance company the difference between your motor insurance settlement figure and the outstanding finance early settlement balance, or pay you the difference between the net invoice price of your insured vehicle at the start date and your motor insurance company’s settlement figure. In the event of your vehicle being written off during the period of combined cover, the policy will pay out whichever of the two is greater, up to the net invoice price of your vehicle*.
*subject to terms and conditions
Guaranteed Asset Protection is underwritten by MAPFRE ASISTENCIA Compania Internacional de Seguros y Reaseguros Sociedad Anonima, which is authorised by Direccion General De Seguros Ministerio De Economia Y Hacienda (in Spain) and subject to limited regulation by the Financial Services Authority. Details about the extent of regulation by the Financial Services Authority are available from them upon request. The product is administered by Abraxas Administration Services Ltd which is authorised and regulated by the Financial Services Authority. FCE Bank plc is authorised and regulated by the Financial Services Authority and acts as an insurance intermediary in relation to Guaranteed Asset Protection. In relation to this same product, Ford Motor Company Limited is an appointed representative of FCE Bank plc. Ford Motor Company Limited acts as an insurance intermediary.
INS2013/017 EXP 21/03/2014