Administered by AutoProtect (MBI) Limited, Warwick House, Roydon Road, Harlow, Essex CM19 5DY

Motorpoint Asset Protection, in the event of valid claim pays out the higher of the RTI or Finance GAP amount.

Policy duration: Cover is available for up to 36 months (depending on the premium paid). Please note the policy will cease earlier on the occurrence of either of the following events: a paid claim; or the vehicle is no longer in your possession and you do not notify us of a transfer. *Motorpoint Asset Protection is subject to terms and conditions. You should note there are certain limitations in terms of the maximum amount you may claim or transfer. Please ask your Motorpoint team for further details. Motorpoint Ltd is authorised and regulated by the Financial Conduct Authority for consumer credit and is permitted to advise on and arrange General Insurance Contracts, our FRN is 684004. **A £35 admin fee will be charged after 30 days.

Motorpoint Asset Protection

Getting your nearly new car is an exciting time and we want to help take the stress out of the next few years of happy driving. Just imagine your car is declared a write-off because of an accident, fire or theft. Unfortunately, you may end up discovering that your insurance company pay-out will not match the original price you paid for your car. That’s why we offer Asset Protection to all our customers as an add-on to your order!

How does it work?

It’s very convenient, you can claim up to the original cost of the car and it covers a total loss however you pay. Plus, you can cancel at any time* or transfer the cover to a new vehicle**.

If you’re financing your car and you purchase the vehicle for, let’s say, £18,999 then the current finance settlement for your vehicle would be £19,200.

Your motor insurance company pay-out would be £12,000. That would leave £7,200 left to pay out of your pocket. If you have Asset Protection with Motorpoint, that’s all covered so you wouldn’t have to worry about clearing the rest of your outstanding finance. 

Example 1

If you’re buying your car with cash, it works almost exactly the same way. If you paid £18,999 for your car and it’s written off for any reason, your motor insurance company pay-out would be £12,000. An Asset Protection pay-out of £6,999 tops it up to the price you originally paid.
Example 2

Costs:

Vehicle Cost 3 Years
Under £14,999 £329
Over £14,999 £399

Asset Protection is subject to terms and conditions.