Complimentary 30 Day Toyota Total Loss Asset Protection - Toyota 30 Day Total Loss Asset Protection

Complimentary 30 Day

Toyota Total Loss Asset Protection

Protecting Your Toyota When It Matters Most.

When you buy a Toyota, you’re making a commitment to quality. We understand the value of that commitment and the importance of protecting you and your vehicle against the unexpected.Contents

Frequently Asked Questions

Other Products Provided by Toyota Insurance Services

Insurance Products are arranged by Toyota Insurance Services. Toyota Insurance Services is a trading style of Toyota Insurance Management UK Limited. Registered in England, Company No. 14297877. Registered Office: 7th Floor, 52-56 Leadenhall Street, London, EC3A 2BJ. Toyota Insurance Management UK Limited is authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 983839.

Toyota Total Loss Asset Protection is underwritten by Novus Underwriting Limited on behalf of Helvetia Global Solutions Ltd, UK Branch. Helvetia Global Solutions Ltd is authorised and regulated by the Liechtenstein Financial Market Authority. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Registerer Number: 454140. Helvetia Global Solutions Ltd is incorporated in Liechtenstein, registration number 0002191766. Helvetia Global Solutions Ltd’s UK branch is registered in England & Wales under UK Establishment number: BR024650. UK Establishment address: 6 Bevis Marks, London, EC3A 7BA.

Novus Underwriting is a trading name of Novus Underwriting Limited, which is an Appointed Representative of Consilium Insurance Brokers Limited, authorised and regulated by the FCA (Ref: 306080). Novus Underwriting Limited is registered in England (No. 10844265). Registered address 4th Floor, 34 Lime Street, London, EC3M 7AT, United Kingdom.

What is Total Loss Asset Protection?

Total Loss Asset Protection is additional cover designed to protect you financially when you buy a vehicle. The value of any vehicle changes over time, meaning it's market value will be different to the original price you paid.

If your Toyota is written off as a result of an accident, fire or theft, your motor insurance may only cover the current market value. This could leave you with less money than you need to pay off a remaining finance agreement or buy a vehicle of similar original value.

Total Loss Asset Protection is designed to cover the shortfall between the sum offered by your insurance provider and the price you paid for your Toyota. This can help you settle any outstanding finance on your vehicle or buy a replacement. It means you can get back in the driving seat instead of being left out of pocket. Also, we will give you £300 to help with any out of pocket expenses you may experience.

Please read page 7 for more details on the exclusions of this policy.

How do I activate the complimentary policy?

Simply speak to your local centre and they will be able to help you set up this 30 day protection.

Why are we offering this product for 30 days free of charge?

We offer our Total Loss Asset Production as a complimentary 30-Day product to give you the opportunity to experience this coverage before making a purchase decision. This allows you time to research and assess whether the product meets your needs, ensuring you can make an informed choice.

AN EXAMPLE OF HOW THIS PRODUCT COULD WORK

Imagine you bought your Toyota for £20,000, and when it was written off or stolen, it’s valued at £16,500. With Toyota Total Loss Asset Protection, the policy would cover the £3,500 difference, helping you avoid a financial loss.

If your vehicle was financed, the policy can also help pay off any remaining finance balance, so you’re not left paying for a vehicle you no longer own.

Remember, on top of this you could also benefit from:

Motor Insurance Excess Contribution
Total Loss Assistance Payment
Loan Car Reimbursement
£1,000 Vehicle Replacement Contribution

The maximum amount claimable under the 30-day free policy is £5,000.

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PRODUCT OVERVIEW

01. MOTOR INSURANCE SETTLEMENT

This is the figure paid to you by your motor insurance company, following a total loss.

Your motor insurer will likely calculate this as the market value of the insured vehicle (excluding contents) at the date of loss, based on specialist valuation guides.

02. TOTAL LOSS ASSET PROTECTION

This is the amount that the Total Loss Asset Protection policy could pay to help cover the cost of your Toyota.

03. ORIGINAL VEHICLE COST

This is the price you paid for the vehicle itself, excluding any non-dealer-installed options or extras like the road fund licence or negative equity.

VEHICLE REPLACEMENT CONTRIBUTION: £1,000

With this Toyota policy, you’ll receive an additional £1,000 toward a replacement vehicle if you buy your vehicle from the same supplying dealer group that you originally bought your vehicle from. This is in addition to the standard settlement figure.

Do you understand how this product works from the example provided?

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BENEFITS

High Vehicle Value Coverage
Vehicles with a net invoice price* of up to £150,000 are covered.
Up to £250 towards Your Motor Insurance Excess
Receive up to £250 as a contribution toward your motor insurance excess** should it be applicable.
£300 Total Loss Assistance Payment
We can provide up to £300 to help you with expenses associated with the loss of your Toyota***.
Up to £30/Day Loan Car Reimbursement
If your car insurance doesn't include a courtesy car, we'll reimburse you up to £30 per day to cover the cost of a loan car. Terms and conditions apply.

£1,000 Vehicle Replacement Contribution
Benefit from an additional £1,000 Vehicle Replacement Contribution when you purchase your replacement vehicle from the same dealer group that you originally bought your vehicle from.
Accessory Coverage
Factory and dealer-fitted accessories included in the Net Invoice Price* at the point of purchase are covered.
Vehicle Finance Deposit Contribution
Vehicle Finance Deposit Contributions (a contribution made by Toyota Financial Services on select models) are included in your coverage.

The maximum amount claimable under the 30-day free policy is £5,000. *The amount that you have paid for the vehicle itself, excluding non-dealer fitted options and extras such as the road fund licence, or negative equity. **This is the amount stated on your certificate of motor insurance, this is paid as part of your claim and is only paid once during the term of the policy. ***Paid as part of your claim and only paid once during the term of the policy. Please read your Policy Document for full terms and conditions.

WHAT IS NOT COVERED BY THIS POLICY?

Here are some of the policy's key exclusions. For a complete list, please refer to your Policy Wording.

You won't be eligible to make a claim if your car isn't covered by a UK-approved comprehensive motor insurance policy.
Items like paint or upholstery protection and dealership discounts (e.g., grants, scrappage schemes) are excluded.
Unpaid balances, late fees, extra interest, and overdue premiums aren’t covered.
Claims are excluded if your car can be repaired but you accept a cash settlement instead.
Personal items in the car at the time of the incident, and VAT (if your car is VAT-registered for business use) aren't covered by this policy.

Some policy features may also be included in cover you have elsewhere. If this is the case, you'll only be able to claim for these elements once, from one provider.

ELIGIBILITY

The purchase price of your Toyota is between £5,000 and £150,000.
Your Toyota is no more than 10 years old at policy inception.
You purchased your Toyota within the last 30 days.
Your Toyota is insured by a UK motor insurance provider with fully comprehensive cover.
Your Toyota isn't covered by a motor trade or fleet insurance policy.