Why You Need Shortfall Insurance

What are shortfall insurance benefits?

You have been eyeing that car for months while saving up your money for the deposit. You finally get to buy it, after you work out all the financials with the bank.

The only problem is that an accident or hijacking can mean you are left without a car and are scrambling to figure out what to do next while still having to pay it off!

I already have insurance, why would I pay for extra cover?

To keep yourself safe from debt that comes with unexpected costs your insurance does not cover. Shortfall Protection provides valuable cover by paying the difference between your comprehensive insurance pay-out and the amount still owing to your finance company, in the event of your car being written off or stolen.

Got added extras to your car?

Yet another reason why it is important to have shortfall insurance. Sometimes, your underlying insurance policy does not cover any extras that you may have added to your car, like that nudge bar or shiny mags and a spoiler. Shortfall insurance from Bidvest Insurance pays out up to R10 000 for any unspecified extras fitted on the car.

When you sign up for Shortfall Protection, you can then rest assured that if your car is ever stolen or written off in an accident, the shortfall amount will be covered

An under-appreciated life saver.

Shortfall insurance is a lifesaver especially during occasions when your whole claim is rejected by your car insurance company because you inadvertently violated a policy condition. In any such situation, we will cover the claim for you.

Many people don’t know about shortfall insurance, or they don’t understand its purpose. Shortfall Protection is there to protect you when things go wrong, so you’re never left out of pocket without your wheels!

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
  • Panic Alert
  • 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.

We understand how important your privacy is and will protect your personal information. By providing your details above you are agreeing that we may contact you regarding this quote. This is to ensure that you get great service! To find out more please visit our Privacy Policy.

Latest Articles

Scratches denting your smile?

Scratches denting your smile?

Keep your car looking as good as new. You just got home, and as you’re about to go inside you decide to take one last glance back. This is soon followed by a proud grin. If you own a car, this is a feeling you know all too well. It’s not just a car. It’s your hard...

read more
Going through a divorce?

Going through a divorce?

Don’t lose more than you already have. People are creatures of habit. When it comes to letting go of certain habits and routines that have been part of your life for some time, you’ll probably struggle. That’s the thing about divorce. It’s not just the bond and the...

read more
Roadside Assistance: Don’t get stuck on the side of the road

Roadside Assistance: Don’t get stuck on the side of the road

Roadside Assistance from your Bidvest Insurance Mechanical Warranty policy Roadside assistance is an essential when you’re driving on South African roads. Mechanical Warranty is an insurance policy that puts you and your wellbeing first. Car troubles are a significant...

read more