Loss of Licence Insurance
Over 124,00 people a year are disqualified from driving*.
*According to DVLA freedom of information request

My Licence Protection
If you rely on your vehicle for your livelihood, the loss of your licence due to the inability to drive as a result of an accident, injury, or, disqualification through the totting up of penalty points - could be costly.
In these cases, My Licence Protection could provide helpful financial protection and includes;
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Alternative costs
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Income protection
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Accidental death
-
Legal costs
If you currently have no more than 8 penalty points - you can still apply for cover.

ALTERNATIVE TRANSPORT COSTS
Reimbursement for alternative transport costs up to £10,000 a year, subject to a maximum of £1,000 in any calendar month (ie planes, trains and cars) to assist you to get where you need to be.

INCOME PROTECTION
Provides you with replacement earnings up to 65% of occupational income, subject to a maximum salary dependent on level of cover chosen, due to an inability to drive as a result of an accident, injury or disqualification through the totting up of penalty points
+

ACCIDENTAL DEATH
A capital sum of £10,000 in the event of your accidental death to help those who are close to you when they need it most

LEGAL COSTS
Cover to pay Magistrates' Court fees up to £500 in the case of a successful appeal against a suspension of a licence.
+
+
Bronze
49p
Daily
£15 Per Month
(inclusive of IPT)*
Transport Costs** £5,000
65% of income
protected***. £25,000
Accidental death
benefit. £10,000
Legal costs. £500
Silver
65p
Daily
£20 Per Month
(inclusive of IPT)*
Transport Costs** £7,500
65% of income
protected***. £50,000
Accidental death
benefit. £10,000
Legal costs. £500
Gold
£1.15
Daily
£35 Per Month
(inclusive of IPT)*
Transport Costs** £10,000
65% of income
protected***. £100,000
Accidental death
benefit. £10,000
Legal costs. £500
* Premiums include 12% Insurance Premium Tax (2019-2020)
** Per Year
*** Occupational income
This insurance is known as My Licence Protect and is underwritten by Hiscox, an award winning specialist insurer. This insurance is covered by the Financial Services Compensation Scheme (FSCS).
To apply, you must be;
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Aged 21 or over and under 75 years old
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The holder of a full driving licence for a minimum of two years
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You must have no more than 8 penalty points at the time of applying
This document is a summary of the benefits included, exclusions, restrictions, areas of cover, how your policy is paid and your rights and obligations.