What is Deposit Protector?
When a car is written off and totally lost through theft or accident, the comprehensive insurance payout for your car may not leave enough over for a deposit to buy a new vehicle. This policy makes sure that you get a deposit back even if your car has depreciated in value since you bought it.
The Deposit Protector policy is a stand alone policy which may be purchased in addition to a motor comprehensive insurance policy.
A condition of the Deposit Protector policy is that you need to ensure that the vehicle is comprehensively insured for its full market value.