Axa Assistance launches new motor product
Policy provides cover for financial losses in the event of motor write-off claims.
Axa Assistance has launched a Total Loss Protection insurance product for brokers and insurers which addresses delays and financial losses associated with motor write-off claims.
According to Axa the policy will pay out up to 20% of the underlying motor insurer's final settlement figure to enable the customer to buy a similar vehicle at retail cost and it also includes a contribution to the insured's alternate transportation costs.
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Rick Ware, director of account management at Axa
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