Credit Shortfall

This policy is designed to help you cover any outstanding amount owed to your financed bank in the event of a total loss due to theft or a write-off. If your comprehensive motor policy payout does not fully settle your remaining balance, this coverage steps in to bridge the gap. It is a monthly paid policy that remains active as long as premiums are maintained and you continue to own the vehicle.

Benefits Payable:

  • Maximum: R150 000.
  • Minimum: 10% of Market Value as at date of loss.
  • Has the option to add Total Loss Cash Back Option to Policy.

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