MB&G redundancy protection warranty

Redundancy cover that protects car buyers’ finance payments for up to 12 months is now being offered by MB&G, the UK’s largest independent warranty provider.

Available on both new and used vehicles, the new product is available to both employed and self-employed customers and payment is based on a percentage of the retail finance monthly payment.

Kevin Pearce, Operations Director at MB&G, said: “The recent economic turmoil has led to a sharp rise in the number of job losses and unsurprisingly, this has led to anxiety among potential vehicle purchasers.

“Our redundancy protection policy ensures that vehicle finance payments will continue to be made by the insurer in the event of redundancy for a period of up to 12 months, adding peace of mind for cautious car buyers.”

Customers will be covered by MB&G’s Vehicle Purchase Unemployment Protection Insurance (VPUPI) policy if, at the start date*:

They have purchased a vehicle from a dealer who has arranged 12 months VPUPI on their behalf
Are in employment or self-employment continuously for at least 6 months prior to start date
Are in paid work for at least 16 hours per week
Vehicle finance has been arranged by the dealer
Are aged 18 or over but under 65
Live and work in the UK

“VPUPI is the right product for the times, as it gives added reassurance in a time of economic uncertainty that finance payments on a vehicle will continue to be made in the event of redundancy,” added Kevin.

For more information, visit mbginsurance.co.uk