A Franchised Dealer is a new car dealership for a specific make of vehicle. Franchised dealers sell new and used vehicles.
A non Franchised Dealer is a used vehicle retailer that does not sell new vehicles.
A Leasing company can also be a broker who arranges leasing via a Leasing company.
A private seller is not a motor dealer but an individual selling his/her own motor vehicle or where a vehicle is purchased at an auction.
Please be aware, these insurances cannot be renewed or extended upon their expiry and because they are only available for a short period after vehicle purchase - they will not be available to purchase upon your policy expiry.
It is important to choose a sufficient "period" of cover. Alloy Wheel Insurance is not transferable or renewable, but may offer a monetary benefit upon cancellation if you have not made a claim. Please read the policy terms and conditions prior to purchase.
The premiums quoted online are one-off premiums for the full period of cover chosen.
This is the recorded mileage your vehicle has travelled at the point of purchasing these insurances. Sometimes referred to as "speedometer or speedo reading", "odometer reading" or "miles on the clock".
At the time of purchasing cover, the vehicle mileage must have travelled less than 100,000 miles for Gap Insurance and less than 70,000 miles for Tyre, Scratch & Dent and Alloy Wheel Insurance.
We do not need to know your estimated annual mileage.
Dealer arranged finance
Any finance that is secured upon the vehicle, ie the vehicle details appear within the finance agreement. This can include PCP (Personal Contract Plan/Personal Contract Purchase), HP (Hire Purchase) or LP (Lease Purchase, a scheme which has a non guaranteed Balloon Payment payable at the end with no option to hand the vehicle back). If you have arranged your own finance where the vehicle details appear on the finance agreement - choose this option.
A self arranged personal loan/unsecured loan
This is a loan that is not secured against the vehicle, ie the vehicle details do not appear on the loan agreement. These are often bank or building society or other third party loans.
Leasing company on Contract Hire or Lease
A Contract Hire is an agreement under which you lease the vehicle for an agreed period and mileage and simply hand the vehicle back at the end of the period with no pre-agreed option to purchase. These schemes can be identified by the payments being subject to vat.
A lease is an agreement under which you lease the vehicle for an agreed period and you must sell the vehicle to a third party to pay the 'balloon payment'. These schemes also have payments that are subject to vat.
This is the price you have agreed to pay for your vehicle, including all factory fitted options, dealer fitted accessories and services listed on the vehicle invoice. It is the "on the road" price after discount but BEFORE any part exchange allowance is deducted.. This figure should not include finance interest or deposits deductions.
If you are leasing your vehicle under a scheme in which you must hand the vehicle back at the end and have no option to purchase, this figure should be the manufacturer's recommended retail price including factory fitted options and a dealer fitted accessories.
Your motor insurer will be paying the market value for your write off and therefore you need to choose a "level of cover" (sometimes referred to as a "claim limit") to cover the potential gap loss.
This is the maximum amount the insurer will pay out in the event of a claim.
This is either the date of your vehicle suppliers invoice or, if delivery was taken later, the date on the delivery/handover paperwork signed by you and your supplier, or the date you expect to take delivery.
