Product features to consider
How many cars suffer from scratches, dents, and scrapes each year?
It is tens of thousands. Research by Which? found that more than a third of drivers have had their car damaged while it was parked. The 3 most common areas to suffer damage were found to be car parks, including supermarkets, train stations and airports, followed by residential street parking and non-residential street parking. Additional research conducted by Skoda revealed that UK drivers spend £1.5bn repairing car park damage alone every year.
Depending on the type of damage and the vehicle it can cost between £100 to £300 including VAT. Your customers may want to claim on their comprehensive motor insurance policy for cosmetic damage to their car but that means they will have to pay the excess and it may also affect the renewal premium for next year.
Scratches and dents to your customers’ car can affect its value should they be looking to sell it – especially if they are left unrepaired. If your customers are one of the many thousands of people who lease a vehicle or have some form of contract hire or PCP agreement, then they could find themselves penalised for any scratches dents or cosmetic damage to the car.
Damage that was present when the policy starts cannot be covered.