Car manufacturer Vauxhall has launched Valueguard, administered by Care Car Plan to cover the shortfall of standard motor cover.

Available at three levels of cover, Valueguard covers a motorist for the difference between the insurance payout and actual cost of replacement in the event of total vehicle loss.

Level one pays off outstanding finance not covered by the insurance payout.

Level two pays the difference between the insurance payout and the price originally paid for the vehicle.

Level three pays the difference between the insurance payout and the cost of replacing with a vehicle of the equivalent age, specification and condition as the lost vehicle when it was bought.

Prices range from £199 to £499, from all of Vauxhall's dealer network.

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