If your car was written off, for example, due to a fire, theft or road traffic accident, you often end up being worse off financially. Your insurer is unlikely to give you back the price you paid for your car. Also, if you bought your car using finance, your insurance pay out may not be enough to cover the balance you owe your finance company. In these difficult situations, BMW Shortfall offers you protection against losing out financially.
BMW Shortfall pays the difference between;
- The motor insurer's settlement figure and vehicle invoice price, or
- The motor insurer's settlement figure and the outstanding finance amount.
Motor insurers will generally pay you the market value of your car at the time it is written off. With BMW Shortfall you are covered for any change in value, no matter how old your car is (including any depreciation).
To get a quote, please contact your local Authorised BMW Centre. Alternatively, please
call BMW Protect Services on 1 890 825 201
Lines are open Monday to Friday 9am-6pm.
BMW Shortfall is underwritten by AGA International SA and administered in the UK by Mondial Assistance (UK) Ltd. Mondial Assistance (UK) Ltd is registered in England, No 1710361, Registered Office 102 George Street, Croydon CR9 6HD and is authorised and regulated by the Financial Services Authority No 311909.
AGA International SA is authorised by Autorité de Contrôle Prudentiel in France and regulated by the Central Bank of Ireland for the conduct of Irish business by way of the Freedom of Services into Ireland in accordance with the European Third Non-Life Directive. Mondial Assistance (UK) Ltd acts as agent for AGA International SA in the Republic of Ireland for the purpose of settling claims and handling premium refunds. BMW Financial Services (Ireland) DAC trading as BMW Financial Services is regulated by the Central Bank of Ireland.