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Experian introduces 'platinum' reassurance

Information solutions company Experian has teamed up with creditor insurer Pinnacle to launch a new “platinum” indemnity insurance option for Experian's Car Data Check, with double the term of standard cover and up to 50% greater return in cases of total loss.

The optional new Platinum insurance cover offers dealers, Experian says, the chance to demonstrate to their customers “just how far they will go to protect them from financial loss”.

With immediate effect, Experian clients using Car Data Check will be able to specify:
1. Standard indemnity cover:

  • loss of title
  • term – 12 months from check
  • up to 20% of the market value for a total loss, to a maximum of £2,000 if roadworthy and £10,000 if not.

    2. Platinum indemnity cover

  • loss of title
  • term – 24 months from check
  • up to 30% of the market value for a total loss to a maximum of £3,000 if roadworthy and £10,000 if not.

    Rob Whalley, managing director of Experian's automotive division, said: “The Platinum option is a natural evolution to our proven products and is the latest example of Experian helping dealers and manufacturers offer their customers the very best protection.”

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