Financial shortfall insurance

financial shortfall insurance

HELP AT HAND, IF YOUR PEUGEOT'S WRITTEN OFF

A costly insurance write-off could leave you out of pocket, at the very time you need to pay for a new car. With our Financial Shortfall Insurance, you can put the incident behind you and get on with finding a new car.

Motor insurers typically pay you the market value of your car at the time the incident occurs and not the price you originally paid. Our Financial Shortfall Insurance covers you for the gap between the market value of your car at the time of loss and either the original invoice price or the outstanding balance on your finance - whichever is the higher claim amount. This makes finding a genuine like-for-like replacement much more achievable. Please contact your local Peugeot dealer, who will be happy to take you through the ins and outs of FSI insurance.

  • PRODUCT DISCLOSURE

This insurance is underwritten by MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima which is authorised by Dirección General de Seguros y Fondos de Pensiones and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of regulation by the Financial Conduct Authority and Prudential Regulation Authority are available on request. MAPFRE ASISTENCIA Compañía Internacional de Seguros y Reaseguros Sociedad Anonima is incorporated and registered in the Kingdom of Spain and registered as a foreign company in the United Kingdom with company number FC021974, acting through its UK branch with branch number BR008042 and its principal office is at Alpha House, 5th Floor, 24A Lime Street, London, EC3M 7HS.

This insurance is administered by Abraxas Insurance Administration Services Limited trading as PSA Finance Insurance Administration Services who acts on behalf of the Insurer. Abraxas Insurance Administration Services Limited is authorised and regulated by the Financial  Conduct Authority with FCA number 308702. Abraxas Insurance Administration Services Limited is registered in England and Wales with company number 02928787 and its registered office is at 1 Victoria Street, Bristol Bridge, Bristol, BS1 6AA.

PSA Finance UK is part of the PSA Group and is responsible for arranging this product. PSA Finance UK Ltd (company registration number 01024322) whose registered office address is at Quadrant House, Princess Way, Redhill, Surrey RH1 1QA. Transactions entered into for the above insured products are covered by the Financial Ombudsman Service dispute resolution scheme and the Financial Services Compensation Scheme.