Optional add-on
Return to Invoice
An optional add-on that, where offered, changes the basis of settlement in a total-loss or theft claim, subject to the insurer's conditions.
What it generally does
Without this add-on, a total-loss or theft claim is generally settled against the Insured Declared Value. Where this add-on is offered, selected and charged, the basis of settlement is changed as set out in the add-on wording.
Scope
What it generally addresses
What it generally addresses
- The basis of settlement in a covered total-loss or theft claim, as defined by the add-on
- Only claims that are payable under the base own-damage section
What it generally does not address
- Partial-loss claims
- Anything the base policy already excludes
- Claims where the add-on's own conditions are not satisfied
Before choosing
Things to check
- Availability generally depends on the vehicle's age
- Conditions about registration, documentation and the circumstances of the loss usually apply
- What exactly is included in the settlement basis varies between insurers
Routes
Vehicle routes this is commonly discussed for
FAQs
Return to Invoice questions
It applies to covered total-loss or theft claims, as defined by the add-on wording. It does not apply to partial-loss claims.
Next step
Ready to discuss your vehicle insurance?
Tell CAREALL what you need and continue with a simple WhatsApp enquiry. Nothing is sent until you review and send it yourself.
Disclaimer
Information on this website is provided for general guidance. Actual insurance coverage, exclusions, eligibility, premium, deductibles, add-ons, claims and policy conditions depend on the applicable insurer, product, vehicle, use, policy wording and applicable law.
Official insurer policy wording and applicable law prevail.