BMW Contract Hire Shortfall Insurance

BMW Contract Hire Shortfall Insurance

When you truly love your BMW, you want to protect it in the best way. That’s why we created BMW Protect, our comprehensive range of insurance products designed to help maintain that sheer driving pleasure, whilst protecting you from damage costs.

Within this suite of BMW Protect products is BMW Contract Hire Shortfall Insurance, providing you with financial protection should your BMW be written off or stolen.

BMW Contract Hire Shortfall Insurance is designed to bridge the gap between the motor insurance settlement and the outstanding balance payable by you to your contract Hire or leasing company.BMW Contract Hire Shortfall Insurance covers you against losing out in these unsettling situations.

AT A GLANCE:

• Available for contract hire agreements up to 60 months

• The insurance could pay up to £500 to cover any excess you have as part of your motor insurance claim

• Pay for your policy upfront or in 12 monthly payments (at no extra cost)

•You have up to 60 days to purchase your policy after you have collected your BMW. Cover will start after you have purchased the policy

Please note you must not accept your motor insurer’s settlement figure until you have contacted our claims department. If you accept your motor insurer’s write off valuation without our agreement then any BMW Contract Hire Shortfall Insurance claim may be calculated and settled based on our assessment of the market value of the vehicle at the time of write off.

Terms, conditions and exclusions apply.This website only provides a summary of the cover provided by BMW Contract Hire Shortfall Insurance and does not include the full terms, conditions and limits of cover. Please refer to the policy wording document below.

Making a claim.

In the unfortunate event that you need to make a claim, BMW Protect Services are available to assist you. Please refer to the policy wording document below for full details of how to make a claim.

Get a quote:

To get a quote, please contact your participating local approved BMW Retailer or call BMW Protect Services for more information on 0330 400 1514.

BMW Protect Services lines are open Monday to Friday 9am-5:30pm.

MAPFRE T&Cs

BMW Contract Hire Shortfall Insurance is administered by Abraxas Insurance Administration Services Limited, registered in England and Wales with company number 02928787 and its registered office is at One Victoria Street, Bristol Bridge, Bristol, BS1 6AA. Abraxas Insurance Administration Services Limited is authorised and regulated by the Financial Conduct Authority.

The Insurance is underwritten by MAPFRE Asistencia Compania Internacional de Seguros y Reaseguros S.A.Dixon House, 72-75 Fenchurch Street, London, EC3M 4BR. Company Number:FC021974. Branch Number BR008042. MAPFRE Asistencia Compañía Internacional de Seguros y Reaseguros S.A.is authorised by Direccion General de Seguros y Fondos De Pensiones andis subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available on request.