With comprehensive vehicle insurance in place you will be fully covered in the event of your vehicle being written off or stolen, right? Unfortunately, no.

In most cases, should your car be stolen or worse, written off in an accident, your insurance pay-out is not likely to cover what you still owe to the bank that financed your vehicle, leaving you in a worse off position financially and without a vehicle. It's for this very reason that Shortfall Protection is essential when purchasing a vehicle, to ensure you are never left out of pocket should the unexpected happen.

HOW IT WORKS

Shortfall Protection

Provides valuable cover by paying the difference between your comprehensive insurance pay-out and the amount still owing to your finance company.

Excess Cover

Your comprehensive insurance excess will very likely cause a shortfall. With this in mind we will cover your excess up to R 10 000 as part of your shortfall payment.

Unspecified Vehicle Extras

Should you have fitted additional extras to your vehicle that you have not insured, causing a shortfall, these will be covered up to R10 000 as part of your shortfall payment.

Instalment Protection

Should your comprehensive insurer take more than 60 days to settle your claim, the policy will pay towards your vehicle instalment up to a maximum of R5 000 per month, for up to 3 months.

Loyalty Bonus

In the event of a shortfall claim where your vehicle is stolen and not recovered, or is written off, a Loyalty Bonus of R10 000 will be paid towards a replacement vehicle when purchased from a Bidvest McCarthy dealership within 3 months of the loss of your vehicle.

Unintentional Violation Cover

Should your insurance company reject a claim due to you unintentionally violating a condition of your comprehensive insurance policy (e.g. late notification of a claim, change of address etc.) then we will pay the claim.

POLICY HIGHLIGHTS

• PROTECTION AGAINST UNEXPECTED DEBTS IN THE EVENT OF TOTAL LOSS OF YOUR VEHICLE
• UP TO R10 000 EXCESS COVER
• 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 INSTALMENT PROTECTION
• UNINTENTIONAL VIOLATION COVER

This document is only a guide and reference must be made to the actual Policy Wording before you purchase a policy, so that you fully understand the terms and conditions of what you are buying.