Imagine you’ve bought a new car, perhaps it’s your dream car or a bigger one to suit your growing family. You’ve ensured it is taxed and that you have Car Insurance in place, so that if you’re in a road accident or the car is stolen, you’re covered. But, are you fully protected?
They say that cars lose value the moment they’re driven off the forecourt. Did you know a motor insurer will only pay the current market value of your vehicle if it is written off after a collision, or if it is stolen? This could be hundreds or thousands of pounds less than what you paid for the vehicle.