Why Do I Need Shortfall Insurance?

These are just a few of our policy highlights:

  • Protection against unexpected debts in the event of total loss of your vehicle
  • Up to R10 000 of your comprehensive excess will be covered
  • R10 000 loyalty bonus towards buying a replacement vehicle
  • Up to R10 000 cover for unspecified extras fitted on your vehicle
  • Up to R5 000, car installment protection paid monthly
  • Unintentional violation cover.

You’ve taken out comprehensive insurance for your car. Why would you need extra cover? Let’s take a look.

You’ve been doing research on your dream car for months while diligently saving for the deposit. You choose the right vehicle, make your decision, and get your finance approved.  Finally, you’re driving your new ride home. Of course, you’ve also thought ahead and taken out comprehensive car insurance to protect yourself and your investment. Your monthly repayments are always made on time and you’re confident that you’ve taken all steps possible to be a smart, savvy car owner.

You’ve spent plenty of time, energy, and money on making all the right choices. What could go wrong?

Imagine your car gets written off or stolen, leaving you to discover all the extra costs that your car insurance doesn’t cover. Now not only are you left dealing with the trauma of the situation but also the admin and huge financial losses that you simply weren’t prepared for.

This is where your Shortfall Protection plan steps in and saves the day. We’ve thought about all the extra surprise costs so that you don’t have to. Thanks to Shortfall Protection, you’ll be covered for the money still owed to the bank on a financed car, the loss of extra fitted items like expensive rims or sound systems, and even a portion of your excess. Consider it to be a welcome relief in your time of need.

Shortfall insurance is a lifesaver in situations when your whole claim is rejected by your car insurance company. This can happen if you unintentionally violate your policy conditions. In this event, we will cover the claim.

Cover for you and for your car.

Bidvest Insurance offers a wide range of insurance products to meet both your personal and vehicular needs.

Insurance options for you:

  • Cyber Rescue
  • Legal Angel
  • Personal Accident Insurance

Insurance options for your car:

  • Scratch and Dent
  • Tyre Angel
  • Theftbuster Plus
  • Warranty
  • Driver Assist
  • Key Angel

Simply complete your details so a Bidvest Insurance consultant can call you back to assist you.

  • This field is for validation purposes and should be left unchanged.

Latest Articles

6 Tips to Avoid Costly Scratches and Dents to Your Car

6 Tips to Avoid Costly Scratches and Dents to Your Car

It wasn’t long ago that our cars were all safely tucked away while streets and parking lots remained all but empty. And seeing as we might all be a little out of practice when it comes to navigating congested areas, here are some top tips we can follow to keep our...

read more
6 Tips to the Key to Success with Odwa Ndungane

6 Tips to the Key to Success with Odwa Ndungane

6 Tips to the Key to Success with Odwa Ndungane. What is the key to success? We all have goals and ambitions and whether we’re looking for the key to success in life, or in our career, or in our hobby, it’s a question we have all asked ourselves. We recently connected...

read more
Rally to Read 2021: A Drive to Learn

Rally to Read 2021: A Drive to Learn

“Rally to Read is an extraordinary story – of caring, collaboration and hope”. President Cyril Ramaphosa On Monday 1st March 2021, we set off on the annual KZN/Drakensberg Rally to Read Drive. Rally to Read is an initiative very close to the heart of Bidvest Insurance...

read more