Used automotive market Motorway has launched Motorway Shield, an insurance coverage product powered by guarantee group Opteven.
This product gives sellers with safety towards sudden and unexpected mechanical and electrical points found after buying a automobile.
The coverage goals to guard sellers from 1000’s of kilos in surprising restore prices, preserving their margins.
The price is £29.99 per automobile with claims managed via an internet portal.
Motorway Shield is legitimate from the day after fee and is eligible for automobiles as much as 10 years outdated and 100,000 miles, with a declare restrict of as much as £5,000 per declare.
James Wilson, COO, Motorway, stated: “We all know that surprising mechanical and electrical points may be pricey and time-consuming.
“The easy claims process and quick decision-making ensures a hassle-free experience, protecting dealers’ margins.”
James Barr, Head of Nationwide Programmes at Opteven, stated: “We’re actually excited to be partnering with Motorway.
“Motorway has a imaginative and prescient to construct a greater automotive marketplace for everybody, harnessing the facility of know-how to ship a tremendous expertise.
“In partnership with Opteven, this expertise has now been additional enhanced via the supply of a market main insurance coverage resolution to offer retailers that extra degree of confidence when utilizing Motorway.’’
