JustPark’s customers can get insurance excess refunded with new Parking Peace of Mind service in association with WeCovr

Leading parking platform, JustPark, will allow its customers’ insurance excess to be reimbursed, when they select its new Parking Peace of Mind cover.

The new service, which has launched this week, is designed to help motorists feel more confident about travelling as lockdown eases, and reduces the risk of undue financial burden on consumers at a time when many are still feeling the financial effects of Covid-19.

Parking Peace of Mind for JustPark customers starts from just a few pence per hour and promises to refund 100% of their insurance excess up to £1000. The cover is available at all of JustPark’s network of off-street parking spaces across the country, when customers choose to pre-book. This is the first time that excess protection insurance has ever been offered on an hourly basis.

The new service addresses a common concern of UK motorists, which rank car park safety just behind proximity to location and price as the most important factors when choosing a parking space. It also delivers peace of mind to JustPark’s community of space owners, which include commercial car parks, hotels, retail spaces and residential driveways.

Anthony Eskinazi, founder and CEO of JustPark, said: “Many will know the sinking feeling of returning to their parked car to find a dent or scratch that wasn’t there before. Traditionally, they have had to decide whether to spend many hundreds of pounds getting the damage repaired or paying their insurance excess. Parking Peace of Mind removes this problem and its associated anxiety, while also leaving our community of space owners safe in the knowledge that their customers are completely looked after.”

JustPark’s Parking Peace of Mind insurance excess cover is provided via WeCovr, which is authorised and regulated by the Financial Conduct Authority.

Vlad Shipov, founder and CEO of WeCovr, said: “WeCovr is delighted to support JustPark and launch this first-in-the-market by-the-hour excess protection insurance to millions of its drivers. WeCovr’s API-based full-cycle embedded insurance platform provides win-win propositions for innovative companies like JustPark: for end clients, it means more affordable cover at the touch of a button, whenever and wherever it is most relevant; for all stakeholders involved it means a new way to differentiate and attract more happy customers.”