Should your vehicle be stolen, hijacked or written off, we will cover the deposit you have paid towards buying your vehicle, up to a maximum of R300 000.
There’s nothing worse than losing money, especially when it comes to something as precious as the deposit you’ve saved so carefully for, to buy your new car!
If your vehicle were to be stolen or written off, how much of your treasured deposit would you get back? The reality is, you’re not likely to get back the full amount. But, all hope is not lost, with Deposit Protector from Bidvest Insurance, you don’t have to worry about losing your hard-earned cash.
In addition to getting your deposit back, a loyalty bonus of R10 000 will be paid in the event of a total loss, towards a replacement vehicle when purchased from a Bidvest Insurance approved dealership. This policy will also pay towards your vehicle installment for up to 3 month to a maximum of R5 000 per month, should your comprehensive claim be delayed.
Underwritten by Bidvest Insurance Limited, a licensed insurer and an authorised Financial Services Provider, FSP 46395. Please refer to the policy wording for full details of product cover.