Car Accident

Asset Protection Insurance

Cover yourself against the difference between the value of your car and the price you paid for it, in the event of a vehicle write-off

Please note: Asset Protection Insurance (API) policies are currently unavailable to purchase through our CarStore Centres. You'll be able to learn more about policy availability by speaking to one of our Personal Advisors.

Current policyholders are unaffected, and more information about API can be found below for your reference.

What's asset protection insurance?

Asset Protection Insurance (API) is an extra level of protection should your car or van be written off or stolen and declared a total loss by your insurer.

How does Asset Protection Insurance work?

If your vehicle is written off or stolen, your insurer will likely pay you the market value of the car, which is also likely to be less than you paid for it originally, and less than any outstanding finance you may have on it, too.

This means that you'll have to make up the difference yourself, should you wish to buy a car of similar value, or settle the existing finance.

Asset Protection Insurance covers the difference between the vehicle's current market value and the net invoice price you paid for it, or any existing finance on the vehicle - whichever is greater.


The current market value is either your main motor insurer’s pre-incident value or, in some cases, the retail transacted value shown in Glass’s Guide (please see terms and conditions for more details).

  • API is available for most used cars and provides cover for 24, 36, or 48 months
  • Your vehicle won't be covered if it’s stolen by anyone who has access to the keys, unless access was gained through forcible means
  • Your vehicle must be used only for private use on a public highway
  • Your vehicle won't be covered if no motor insurance settlement has been paid
  • If you're offered a replacement vehicle and don't accept, this may result in no benefit being paid by the policy
  • Your vehicle needs to be insured comprehensively

The information above is for reference only and does not include the full policy restrictions. It's important that you read the terms and conditions carefully for full details of cover levels and other exclusions.