Insurance Services
Auto Union Finance Plc is authorised by the FSA number 411428
GAP Insurance:
In the event of your vehicle being written off in an accident or stolen (and not recovered) GAP Insurance is designed to protect you against the risk of any shortfall in your finance settlement. Following the comprehensive insurance settlement GAP Insurance will pay any difference between this and the cost to clear your finance agreement, up to a limit of £5,000, leaving you free of any outstanding liability.
Early Termination Insurance:
Early Termination Insurance will protect you as an individual for penalty charges incurred as a result of closing your Finance, Contract Hire or Leasing agreement early for one of the following reasons:
- Unemployment
- Expatriation - i.e. your company moves you abroad to work
- Life
- Loss of Licence (on medical grounds)
In addition, if you become unemployed for more than 30 days and don't want to hand your vehicle back early but need help with your monthly repayments, Early Termination Insurance will pay the Finance Company up to 3 monthly instalments on your behalf. (Maximum benefit payable is £1,000 per month). If you subsequently hand your vehicle back after the 3 months this amount will form part of your maximum claim limit of £5,000. Early Termination Insurance It is available to anyone who has taken out a Personal Contract Purchase or Personal Contract Hire.
Payment Protection Plans:
Unemployment Only
You can choose to be covered in the event of you become unemployed. This cover is generally only available if you have been employed/self employed continuously for a set time period. Exclusions can include, unemployment: Resulting from industrial action, misconduct, voluntary unemployment or redundancy, resignation. Which you were already aware of when signing the application form. If you are not registered as unemployed or not seeking alternative employment. Which is a normal incident or seasonal occurrence in your occupation.
Accident & Sickness
You can choose to be covered in the event of you have an accident or become ill and you are unable to work. You should remember that policies will exclude cover for the following: Any existing physical or medical condition of which you were aware on the date of signing the application form. Any disablement for which you had received treatment or advice during the 12 months immediately preceding the start date of insurance. Any disablement for which medical evidence has not been provided by a registered medical practitioner.
Accident, Sickness and Unemployment
You can be covered for accidents, sickness or involuntary unemployment. This cover does generally have exclusions for sickness and unemployment. Exclusions for accident and sickness can include: Any existing physical or medical condition of which you were aware on the date of signing the application form. Any disablement for which you had received treatment or advice during the 12 months immediately preceding the start date of insurance. Any disablement for which medical evidence has not been provided by a registered medical practitioner. Exclusions for unemployment can include: Unemployment resulting from industrial action, misconduct, voluntary unemployment or redundancy, and resignation. Unemployment which you were already aware of when signing the application form. If you are not registered as unemployed or not seeking alternative employment. Any unemployment which is a normal incident or seasonal occurrence in your occupation.
Keyman
Keyman Insurance provides cover for a business against the loss of a key member of staff. The majority of small businesses recognise the need to insure their premises, stock and essential machinery against disaster. However, many small businesses fail to identify an even more critical asset, which needs to be covered to guarantee that a business is protected against all outcomes. The simple fact is that employees are the greatest assets any business has. It is a lot less complicated to replace a broken piece of equipment than a key member of staff.
