If in the past you've insured a vehicle you'll know that year on year the insured value will reduce. Should you be unfortunate enough to have your vehicle suffer a total loss by either being written off or stolen, it's a feature of Fully Comprehensive Motor Insurance to put you back in the same position as you were at the time of the loss. This would involve a loss adjustor estimating the value of your vehicle with a hopeful view of allowing you to purchase a vehicle of a similar age, mileage and specification.
Our customers tell us that, in an ideal world, they would prefer to receive in settlement the original retail price of their vehicle. This would allow them to return to us and purchase a new vehicle equivalent to the one they originally purchased.
With this in mind Inchcape Retail are proud to be able to offer Retail Price Protection (RPP), working in conjunction with Fully Comprehensive Motor Insurance, in the case of a total loss settlement RPP would top up the insurance company's pay out to the original retail price of the vehicle, taking into account any dealer or factory fitted options, and in addition will contribute £250.00 towards your insurance excess.