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 Our motor vehicles have become a major part of our lives and can be the second largest purchase we ever make.
We purchase Motor Insurance to protect ourselves against a potential claim, be it through an Accident, Fire or Theft.
WHAT ABOUT THE CLAIMS THAT ARE NOT YOUR FAULT?
THERE IS NO THIRD PARTY INSURER?
NO WITNESSES?
You not only have to claim on your policy, but you also have to pay the Excess!
nil excess is Insurance for the times we now live in...
If you have to claim on your Motor Insurance policy you can now cover your Excess, up to a maximum of £500, by purchasing a 'nil excess' Insurance policy
nil excess covers claims emanating from:-
Fire, Theft, Vandalism, Total Loss or Non Fault Accidents involving an Uninsured Driver or Untraceable Driver.
Vehicle Excess Protection Cover up to £500.
Demands and Needs Statement
This Policy will cover You against a financial loss incurred as a result of having to meet the full amount of the stated Excess in respect of a claim made on Your Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Policy within the terms and conditions of Your Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Excess Protection Cover.
Motorcar, Motorcycle or light Commercial Vehicle (LCV) Excess Protection Policy - Policy Summary
Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Excess Protection Cover
This Policy summary does not contain full terms and conditions of the cover, which can be found in the Policy document. It is important that you read the Policy document carefully when you receive it.
Name of The Insurance Undertaking
Your insurance contract will be with IGI Insurance Company Limited who underwrites this Policy.
J D Concepts Ltd will act as Appointed Agents of IGI Insurance Company Ltd in connection with the Policy and its administration and may monitor and record calls for Your protection and theirs.
Type of Insurance and Cover
Excess Protection Cover
The Excess Protection Policy provides insurance to cover reimbursement, up to the Sum Insured, for Your Excess under Your Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Policy following the successful settlement of a claim in respect of malicious damage, fire, theft incident or Total Loss.
Significant Features and Benefits:
· Up to £500 in respect of Your Excess which You will have paid under Your Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Policy. (Definitions: Excess, Sum Insured & What is Not Covered? 1.)
· Covers any named drivers on Your Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Policy ( Definitions: Insured Person/You/Your)
· For residents of Great Britain and Northern Ireland only (Definitions: Insured Person/You/Your)
Significant and Unusual Exclusions or Limitations:
The following are not covered under this Policy
· Any claim where the sum total cost of the Insured Incident does not exceed Your Excess under Your Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Policy (What is Not Covered? 1.)
· Any claim where the Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Company do not provide indemnity under the terms of their policy (What is Not Covered? 6.)
· Any claim reported to Us more than 30 days after the date of the insured incident (What is Not Covered? 8.)
· The maximum amount payable by this Policy is the Excess under Your Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Policy or the value of the Motorcar, Motorcycle or Light Commercial Vehicle (LCV) at the date of loss up to a maximum of £500 whichever is the lesser amount. This Insurance will be cancelled when a single claim is made and accepted.(What is Covered)
Duration
The period of the Motorcar, Motorcycle or Light Commercial Vehicle (LCV) Insurance Policy which runs concurrent with this Policy and does not exceed twelve months. (Definitions: Period of Insurance)
Cancellation
You may cancel Your Policy and receive a full refund up to fourteen days after buying the Policy or receiving Your Policy documents (whichever is the latter), as long as no claims have been made on the Policy. If You do not exercise this right to cancel Your Policy, it will remain in force for the term of the Policy and You will be required to pay the Premium. If You want to cancel Your Policy after 14 days however, no refund of premium would be due please contact J D Concepts, the Appointed Agent.
Or telephone them on 0844 800 2632
Claim Notification
To make a Policy claim please telephone Us on 0844 800 2632.
How to Make a Complaint
If You want to make a complaint about the Policy contact Us by telephone on 0844 800 2632 or in writing to Compliance Executive, J D Concepts Ltd, 70 Eastbourne Road, Southport, PR8 4DU
Or You can contact the Underwriters.
Managing Director, IGI Insurance Company Limited, Market Square House, St James’s Street, Nottingham, NG1 6FG. Tel no 0115 941 1022.
If the complaint cannot be resolved, You can refer it to the Financial Ombudsman Service.
Financial Services Compensation Scheme
IGI Insurance Company Ltd is covered by the Financial Services Compensation Scheme (FSCS). Depending on the circumstances You may be entitled to compensation from the scheme should they be unable to meet their obligations.
IT IS RECOMMENDED THAT YOU READ THE FULL TERMS AND CONDITIONS
Terms & Conditions | Purchase
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