Insurance
We are able to offer the following insurance services via our
preferred insurance suppliers who are FSA regulated, details
available on request.
Vehicle Replacement Insurance (also know as return to invoice): -
This is an insurance policy that covers the total cost of the
vehicle back to the invoice price.
Warranty: - Although you may not think this as a insurance policy an
extended warranty could save you money/worry free motoring in the
event that something should go wrong!
GAP Insurance: - This covers the negative equity if due to a write
of to a maximum of £5000.00.
Early Termination Insurance: - This covers any policy due to your
wish to terminate the contract early.
MOT Insurance: - This covers the event of your vehicle requiring
work due to the vehicle not being able to pass the normal MOT test.
Car Insurance: - This is provided by various insurance companies
who specialise in the contract hire/personal contract hire market at
a competitive price.
As of January 14th the Financial Services Authority (FSA) will be
regulatory body responsible for insuring that the terms of the
European “insurance mediation directive” (IMD) are implemented in
the UK. The IMD is designed to ensure that only those businesses and
individuals deemed competent will be able to sell, discuss, advise
and mediate in general insurance activities across the European
Union.
The role of the FSA will be to enforce the regulation, as laid
down by parliament in the UK. This could result in criminal
prosecution of any firm or individual who attempt to sell, discuss,
advise or mediate in any such way without being previously
authorised to do so.
Butlers Vehicle Solutions Ltd complies with this ruling and only
refers clients to FSA regulated companies.
Key Points to Remember:-
- 1. Road Fund Licence is included for the duration of the
contract agreement.
-
The contract is agreed from the start to suit your requirements therefore
making budget planning easier. If taking the maintenance option
you don’t have to worry about the cost when you car needs
servicing, etc.
- 3. You don’t have to worry about depreciation or part
exchange hassles as the vehicle is simply collected at the end
of the contract.
- 4. High early termination cost (dependant on how many
monthly payments are left).
- 5. An inspection is conducted on collection, if your have
exceed your mileage or there is any damage (under BVRLA fair
wear and tear conditions) you will have to pay for it.