VOLKSPEED CAR SALES LTD
Insurance Products

The Financial Services Authority (FSA)

The FSA is the independent watchdog that regulates financial services. It requires us to give you this information. Use this information to decide if our services are right for you.

Who regulates us?

We Volkspeed Car Sales LTD, are fully authorised and regulated by the Financial Services Authority and can only give advise and recommendations on products and services from a limited number of insurers (full details on request) our FSA Register number is 314520. You can check this on the FSA's website www.fsa.gov.uk/register or by contacting the FSA on 0845 6061234. Our permitted business is arranging and advising customers on General Insurance contracts.

Whose products do we offer?

We only offer products from a limited number of insurers. These products include Mechanical breakdown insurance, Recovery, Guaranteed asset protection (GAP), Return to invoice (RTI), MOT test insurance, Tyre insurance, Key protection, Finance related insurance products (including Life, Critical illness, Accident & Sickness and Involuntary unemployment)

Mechanical Breakdown Insurance

Failure of a component causing a sudden stoppage of its function for a reason other than wear and tear, normal deterioration or negligence. Unlimited number of claims up to amount of claims limit. Unlimited mileage. Policy transferable for £25 fee. Vehicle replacement. Continental coverage.

Exclusions: Vehicle must be serviced as per manufacturers schedule. Wear and tear - service items. Faults reported more than 14 days after discovery.

Recovery

If your vehicle breaks down due to mechanical or electrical failure we can help. Exclusions: Cost of fuel/oil or insurance for a hire vehicle. Max 6 callouts per year.

Guaranteed Asset Protection (GAP)

The shortfall between the amount receive from your motor insurance policy and your outstanding balance on your finance agreement.

Exclusions: Vehicles over 7 years old/80000 miles. Modified vehicles. Max term 60 mths

Return To Invoice (RTI)

The shortfall between the amount you receive from your motor insurance policy and the invoiced vehicle purchase price. Maximum term 36 months. Protects credit rating.

Exclusions: Vehicles over 7 years old/80000 miles. Specified vehicles.

MOT Cover

Protection in the event of MOT failure of vehicle.

Exclusions: Must have minimum of 3 months valid MOT at policy inception. £10 excess on each claim. Excludes wiper blades and rubbers. Claim limit £300 pa.

Tyre Insurance

Includes accidental and malicious damage. Covers cost up to £60 per tyre, max 5 tyres.

Exclusions: Min of 2mm of tread per tyre. Damage caused by fire, theft, impact on any road traffic accident.

Key protection (Key care)

Vehicle key and vehicle lock replacement for lost or stolen keys at home or abroad. Claims limit £350 pa. £25 per day towards car hire (max 3 days) if stranded.

Exclusions: Keys reported lost/stolen to KP or Police after initial 48 hours.

Insurance Products Available If Volkspeed Arrange Your Finance.

Life Cover

If you die during the period of cover, we'll pay the outstanding balance less any arrears or any interest on arrears, up to a maximum of £75000. So your dependants won't have to worry about your finance commitments.

Accident & Sickness Cover

If you're working (or if you're on statutory maternity leave) and you can't work for 15 days running due to illness or an accident, we'll pay your monthly payment, up to a maximum of £1500, for you. We'll go on paying the monthly payments for every 30 days running that you're unfit for work - up to maximum of 24 monthly payments/ 36 months in aggregate or until the end of your cover, if that comes first.

Involuntary Unemployment

If you are involuntarily made unemployed for 30 days running, we'll pay your monthly payment, up to a maximum of £1500, for you. We'll go on paying the monthly payments for every 30 days running that you're unemployed up to a maximum of 12 months, or until the end of your cover, if that comes first.

Critical Illness

If you are affected by a critical illness such as cancer, heart attack or stroke, we'll pay the outstanding balance on the agreement, less any arrears or any interest on arrears up to a maximum of £25000 (Excluding any final payment)