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 Insurance is sold by BMW Financial Services. BMW Financial Services (Ireland) DAC trading as BMW Financial Services is regulated by the Central Bank of Ireland. Postal address and Registered office: Swift Square, Santry Demesne, Dublin 9, Ireland. Registered in Ireland number 153130. Telephone +353 (1) 890 825 201 www.bmw.ie. Directors: T Essig (German), B Merrigan, M Dennett (British).
BMW Shortfall Insurance is underwritten by AWP P&C SA and administered in the UK by AWP Assistance UK Ltd (trading as BMW Protect Services), registered in England number 1710361. Registered office PO Box 74005, 60 Gracechurch Street, London, EC3P 3DS , UK and AWP Assistance Ireland Limited registered in Ireland number 163174. Registered office 18B Beckett Way, Park West Business Campus, Nangor Road, Dublin 12, D12 R297, Ireland. AWP P&C SA is authorised by L'Autorité de Contrôle Prudentiel et de Résolution in France and is regulated by the Central Bank of Ireland for the conduct of business rules.