Return to invoice terms and conditions

INTRODUCTION

This is to certify that in accordance with the authorisation granted under Contract No: 804NAK03 by IGI Insurance Company Limited and in consideration of the premium, the Insurers are hereby bound to insure the person(s) named on the Schedule of Cover, subject to the terms, definitions and conditions as specified.

Before you accept this policy you have 14 days to review your policy wording. If you are not totally happy with the policy and you have not made a claim, you can write to the person who arranged this insurance for you requesting that this insurance is cancelled and that any monies paid be returned.

DEFINITIONS

The following words and phrases shall have the following meaning as below, wherever used in this Certificate:

The Insured/You:
The Person or company named in the Schedule of Cover who have purchased the registered vehicle which was first registered not more than seven years before the Date of Purchase shown on proposal form.

The Insurer:
IGI Insurance Company Limited

The Administrator:
Auto Protect (MBI) Ltd

The Dealer:
As defined in the Schedule of Cover

The Financier:
As defined in the Schedule of Cover

The Insured Vehicle:
As defined in the Schedule of Cover

PERIOD OF INSURANCE

The term of cover shall not exceed 36 months from the Date of Purchase as declared. Cover is not transferable and has no surrender value and no refund of premium is available in the event of cancellation.

VEHICLE

Any vehicle registered and principally used in the UK, having a maximum purchase price (including factory fitted accessories but not dealer fitted accessories) of £75,000 which is the subject of a Finance Agreement or Cash Purchase and which is less than 7 years old on the date of the commencement of the finance Agreement or cash purchase.

The following makes of vehicles are excluded:- Aston Martin, Bentley, Bristol, Bugatti, Cosworth, De Tomaso, Dorchester, Ferrari, Ginetta, Lamborghini, Lancia Thema, Maserati, Noble, Porsche, Rolls Royce, and any American make of vehicle; any vehicle not mentioned in Glass's Guide, commercial vehicles over 3500kgs GVW, emergency vehicles, taxis, driving school vehicles, buses, scooters, motorcycles, invalid carriers or vehicles used for road racing, rallying, pace-making, speed testing or any other competitive event or any vehicle which has been modified other than in accordance with the manufacturers specifications and any make of vehicle not built for principal sale in the UK.

NET INVOICE PRICE

Is the purchase price of the vehicle (including factory fitted accessories but not dealer fitted accessories) including any discount given, but excluding any warranty or Insurance costs or road fund licence.

MOTOR INSURANCE POLICY

A policy providing Comprehensive Motor Insurance Policy in respect of the Vehicle which is effected and kept in force or replaced by a similar Comprehensive Motor Insurance Policy for the duration of the period of Insurance.

TERRITORIAL LIMITS

Great Britain, Northern Ireland, Isle of Man, Channel Islands, member countries of the European Community and other country for which an International Motor Insurance Card;Green Card; in respect of the vehicle is effective at the date of the Total Loss.

TOTAL LOSS

Where an insured customer has claimed under their comprehensive motor insurance policy and the claim has been settled, with the vehicle salvage forfeited and a total loss payment made in full and final settlement.

INSURED VALUE

The value of the Vehicle at the date of the Total Loss as assessed by the Insurers of the Motor Insurance Policy.

INSURANCE PROVIDED

Provided the total loss occurs within 36 months of the purchase of the insured vehicle The Insurer will indemnify the insured provided the policy is still valid for the period of cover. In the event that the vehicle registered on the Schedule becomes a valid total loss during the period of Insurance, the underwriter shall meet the cost of the difference between the original vehicle purchase price and the amount received by the Assured in settlement of a valid total loss claim under the comprehensive motor policy. All payments are made in the form of a cheque payable to the vehicle owner and delivered to the original supply dealership. Subject to the overall limits of liability of the policy.

PAYMENT OF POLICY EXCESS

In the event that the vehicle becomes a valid total loss during the period of Insurance, The Insurer will meet the cost of any policy excess payable up to an amount £250, subject to the following conditions:-

  1. Confirmation from the comprehensive motor Insurers, that the policy excess was applicable.
  2. Confirmation from the comprehensive motor Insurers that the policy excess was not recoverable from any other source or negligent third party.

LIMIT OF LIABILITY

The total limit of liability under all sections of this Insurance in respect of all claims is limited to the amount indicated on the schedule overleaf during the policy period. The payment is made in the form of a cheque payable to the insured and delivered to the original supplying dealership.

EXCLUSIONS

This Insurance does not cover
  1. any total loss which is not subject of an indemnity under the accidental damage section of the Comprehensive Motor Insurance Policy or which occurs while the vehicle is being used for Hire or Reward, Taxis, Racing, Pacemaking, Speed Testing or Reliability Trials or is being driven by any person not holding a licence to drive the vehicle unless it is the subject of a theft claim.
  2. any total loss arising from war, invasion,acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, acts of terrorism, military or usurped power or confiscation or nationalization or requisition of destruction of or damage to property by or under the order of any government or public or local authority,
  3. loss of use of the Vehicle or any consequential loss whatsoever.
  4. any Total Loss by accident when the driver of the vehicle is intoxicated by alcohol or under the influence of drugs not prescribed by a registered medical practitioner unless it is the subject of a theft claim.
  5. any excess payable under the comprehensive motor policy which exceeds £250.
  6. if the loss is covered by any other insurance or warranty,
  7. any claim whatsoever in the event that the driver of the vehicle at the time of the incident giving rise to a claim hereunder was driving illegally unless it is the subject of a theft claim.
  8. any vehicle which is not covered by a comprehensive motor policy for the full duration of the Period Insurance.
  9. any vehicle which is left unattended unless all security devices and immobiliser are activated and are in full working order, (in addition all doors must be locked and keys removed from the vehicle).
  10. if directly or indirectly caused by or contributed to or arising from ionizing radiation, contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel or the radioactive toxic explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof:
  11. for any costs incurred due to the late submission of a claim.

CLAIMS CONDITIONS

In the event of any loss damage which may give rise to the Insured Customer or his legal personal representative must at his/her own expense:
  1. Within 30 days give notice to: The Claims Office at Connectmi Ltd, 75-77 Cornhill, London EC3V 3QQ. The claim notification telephone number is 0870 774 0636.
  2. Supply all information and assistance which The Insurer may reasonably require in establishing the amount of any payment under this insurance including original documentation.
  3. Notify the Police of any loss or damage by theft within 24 hours or as soon as reasonably possible.

TERMINATION OF COVER AND BENEFIT

occurs on
  1. The sale of or transfer of ownership of the Vehicle;
  2. The date on which the Insured Customers obligations under any Finance Agreement are not fulfilled, terminated, assigned or transferred to a third party.
  3. Non-payment on the due date of the insurance premium due.

ARBITRATION

If The Insurer accept that there is a claim under this Insurance but there is a disagreement in respect of the amount to be paid, the disagreement will be referred to an Arbitrator appointed in accordance with current statutory provisions. In these circumstances the Arbitrators award must be made before there is any right of action against The Insurer.

FRAUD

All benefits under this Insurance are forfeited if a fraudulent claim is made.

LAW

The law that applies in this Insurance is English Law.

CANCELLATION

We may cancel the policy by writing to you at your last known address confirming that all cover will end 14 days after the date of our letter; or you may cancel the policy by giving us written instructions. If we cancel the policy and you have not made a claim during the current period of insurance, we will refund the premium for any remaining period of cover.

COMPLAINTS PROCEDURE AND ENQUIRIES

We hope that this Insurance will meet your requirements. Any enquiry or complaint that you may have, should be addressed to the Scheme Administrators:-

Auto Protect (MBI) LTD
Cambridge House,
Cambridge Road,
Harlow,
Essex CM20 2EQ
Tel: 0870 766 6667
Fax: 01279 457910
Company no.05089293

If you are not satisfied with the way in which a complaint has been dealt with, you should write to The Insurer at the following address:

Managing Director,
IGI Insurance Company Limited,
Market Square House,
St James Street,
Nottingham NG1 6FG

If you are still not satisfied you can contact the:

Financial Ombudsman Service
South Quay Plaza,
183 Marsh Wall,
London E14 9SR

The Insurers are covered by the Financial Services Compensation Scheme (FSCS).You may be entitled to compensation from the scheme, if the insurers cannot meet their obligations. This depends on the type of business and circumstances of the claim. Most insurance contracts are covered for 100% of the first £2000 and 90% of the remainder of the claim. Further information is available from the Financial Services Authority or the FSCS. The FSCS can be visited on the internet at www.fscs.org.uk or by contacting 020 7892 7300.

The complaints procedure above does not affect any legal right you may have to take action against us.