This is a summary of the cover provided under the Vehicle Asset Protection scheme. The Supplying Dealer acts as an agent of the insurer, London General Insurance Company Limited (we/us/our). A copy of the full terms and conditions is available upon request.

You are eligible to take out protection if on the Policy start date:

• you are an individual; you are over 18 years old; and
• the insured vehicle is less than seven years old and is the sole vehicle listed in the finance agreement (if any); and
• the insured vehicle is covered by comprehensive motor insurance; and
• you are resident, or if you are a company are registered, in the United Kingdom, Channel Islands or the Isle of Man.

In the event of a motor insurer declaring the insured vehicle a total loss due to fire, an accident or theft of the insured vehicle, the policy will pay the greater of:

• the difference between the comprehensive road risks motor policy settlement or the market value at the date of loss (whichever is greater) and the purchase price, up to the claim limit as shown on the policy schedule. This includes up to £250 of the insurance excess (if applicable).

OR

• the difference between the comprehensive road risks motor policy settlement or the market value at the date of loss (whichever is greater) and the balance outstanding on your finance agreement (excluding arrears), up to the claim limit as shown on the policy schedule. This includes up to £250 of the insurance excess (if applicable).

No amount will be payable in respect of any credit provided under the agreement which exceeds the purchase price of the insured vehicle (the purchase price is the amount paid to purchase the insured vehicle excluding road fund licence, delivery charges, cherished number plate transfers, factory fitted options, dealer fitted accessories and any other administration fees, insurance premiums or subscription charges).

Benefit is conditional upon you receiving a total loss payment under your comprehensive motor insurance.

The vehicle is covered in the U.K., Isle of Man and the Channel Islands.

For further details please refer to section 4 of the Policy terms and conditions.

No benefit will be paid:

• If the insured vehicle is not covered by fully comprehensive motor insurance at all times.
• If the total loss occurs outside United Kingdom, Channel Islands or Isle of Man. Please note: cover is extended whilst the insured vehicle is in any country of the EU or EFTA for a period of not more than 30 days in any 12 month period, but only subject to your insurer extending your comprehensive motor insurance during such period.
• If the driver of the insured vehicle at the time of the total loss was driving illegally (including but not limited to driving without a valid licence or whilst driving under the influence of alcohol or drugs) except in the event of theft.
• If you are offered a replacement vehicle under the terms of your comprehensive motor insurance.
• For any finance due on or carried across to your insured vehicle from previous finance agreements.
• For any motor insurance excess above £250 or if the motor insurance excess is recoverable from a third party.

A full list of exclusions is contained within section 4 of the Policy terms and conditions.

• Law Applicable: Unless agreed to the contrary prior to Policy inception, this Policy shall be subject to English Law.
• Compensation: You may be entitled to compensation under the Financial Services Compensation Scheme in the event that we are unable to meet our liabilities in full.
• Claims and complaints: If you have any queries associated with this product including those relating to claims or complaints you may write to the Administrator, TWG Services Limited, The Aspen Building, Floor 2, Vantage Point Business Village, Mitcheldean, Gloucestershire, GL17 0AF. Complaints may be referred to the Insurer at their address below and independent advice may be gained from the Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR, Telephone 0845 080 1800. None of the above affects any right of action you may have.
• Cancellation: You may cancel this cover within 30 days of receiving your Policy documentation with a full refund by writing to the Administrator, at the above address, providing no claim has been made during this period. If you cancel after such period no refund of premium will be due.
• Language: This Policy is written in English and all correspondence entered into shall be in English.
• Policy term: Providing the premium is paid the Policy provides cover for the duration of your finance agreement (if any), subject to a maximum term of three years in respect of Vehicle Replacement Insurance and a maximum of five years in respect of Financial Shortfall Insurance.
• Insurer: The insurer is London General Insurance Company Limited registered number 1865673, whose head and registered offices are at Integra House, Floor 2, Vicarage Road, Egham, Surrey TW20 9JZ. The insurer is authorised and regulated by the Financial Services Authority, FRN 202869.
• Special needs: For large print, audio and Braille you can call us on 0844 871 8061 or text telephone 0844 871 8211.
• Important Information: This document is for summary purposes only and intended as a quick reference guide.

Full terms and conditions are detailed in the Policy Documentation.

The customer named on the Cover Schedule believes that Vehicle Asset Protection Insurance would be beneficial to them and provide protection against the depreciated value placed on their vehicle or the Financial Shortfall on their finance agreement in the event of their vehicle being declared a total loss. The customer has been advised of the details of cover on the summary of cover, including the main benefits and main exclusions and limitations of the cover, and is not aware of any other insurance policy that they currently have that makes this cover unsuitable. The customer is aware of their obligation to provide all material information and has made a reasoned decision on the basis of the information provided in the summary of cover, and also has a period of 30 days after the receipt of their Policy Documentation to cancel the contract if they wish to re-consider their decision.