CITROËN Contract Motoring
SHORTFALL INSURANCE
If you have fully comprehensive car insurance and you want to protect your financial position in the event of a ‘total loss’ insurance claim, Shortfall Insurance is worth considering.
You can’t keep your eyes on your car all the time but you can ensure a level of additional protection with Shortfall Insurance. There are two types available which take effect when your motor insurer declares your vehicle a ‘total loss’: Shortfall Insurance: GAP, offers CITROËN Financial Services customer’s protection against the finance liability between the market value* of their vehicle (typically the insurance settlement) and your outstanding finance balance.
Shortfall Insurance: VRI, is the ultimate Shortfall Insurance product which makes it easier for finance or cash customers to get a like-for-like replacement vehicle, with the gap covered between the market value* (typically the insurance settlement) and the original invoice price of the vehicle.
Contact your dealer to find out more about CITROËN Contract Motoring Shortfall Insurance.
*Market Value is the settlement amount your Shortfall Insurer will expect your motor insurer to offer you in the event of a total loss. The market value will generally be determined using trade valuation publications such as Glasses Guide. It is a condition of a Shortfall policy that you do not accept your motor insurer’s settlement offer before speaking to your Shortfall insurer as this ensures an agreement on valuation can be reached.
CITROËN Contract Motoring Shortfall Insurance (GAP and VRI) are underwritten by St Andrews plc. St Andrews is incorporated in the UK and are authorised and regulated by the Financial Services Authority for Insurance business. Transactions entered into for the above insured products are covered by the Financial Ombudsman service dispute resolution scheme and the Financial Services Compensation scheme.
CITROËN CONTRACT MOTORING is a trading name of Banque PSA Finance – UK Branch: Tel: 0845 3133807 Fax: 0845 3137991. Quadrant House, Princess Way, Redhill, Surrey, RH1 1QA. Registered in England No: FC023556 (Banque PSA Finance is a limited liability company registered in France with capital of 177,408,000 euros, registered office: 75, Avenue de la Grande Armée, 75116 Paris -Tel +33 140 66 55 11, RCS Paris 325 952 224 - No. de Siret 325 952 224 00013 Code A.P.E. 651C). Banque PSA Finance UK is authorised by the "Organisme pour le Registre des Intermédiaires en Assurance" (ORIAS) in France under number 07 008 501 and regulated by the French regulatory authority, the "Autorité de Contrôle des Assurances et des Mutuelles" (ACAM) and subject to limited regulation by the Financial Services Authority. You can check this by visiting ORIAS' website
www.orias.fr. Details on the extent of our regulation by the Financial Services Authority are available from us on request.