Wirral, UK (PRWEB UK) 18 August 2013
A new Tyre Insurance product has been made available by leading UK Insurance provider Aequitas Automotive. The policy is designed to provide financial protection for owners should they suffer accidental or malicious damage to the tyres on a vehicle.
Aequitas Automotive Director Mark Griffiths explained the main features of the new product.
"Tyre Insurance is commonly offered to new vehicle owners in car showrooms in the UK. The basis of the product is to provide the policyholder with the cost of a repair or replacement for the tyre, should it suffer damage."
"The costs of replacement in particular can run into hundreds of pounds."
"The new Shortfall Tyre Insurance product will provide cover for the cost of such replacement or repair, for between 1 and 3 years. This provides cover for up to 5 claims during the period, and up to £300 per claim made."
"The key feature of the Tyre Insurance product we provide, and what sets it apart from others in the market, is that it can be purchased on a 'stand alone' basis. Others we have seen, both online and at motor dealers, require the purchase to coincide with the purchase of a Gap Insurance policy too. This is not the case with Shortfall Tyre Insurance."
"Another handy feature is the ability to pay for the policy in instalments, if the premium is over a certain price threshold."
The Aequitas Automotive director also confirmed that Tyre Insurance is only one of a number of new products available on the new Shortfall.co.uk website. Details on additional new products will be released shortly.