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.
