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Deposit Protector

Description

There’s nothing worse than losing money, especially when it comes to something as precious as the deposit you’ve saved so carefully for, to buy your new car!

If your vehicle were to be stolen or written off, how much of your treasured deposit would you get back? The reality is, you’re not likely to get back the full amount. But, all hope is not lost, with Deposit Protector from Bidvest Insurance, you don’t have to worry about losing your hard-earned cash.

Deposit Protection
Should your vehicle be stolen, hijacked or written off, we will cover the deposit you have paid towards buying your vehicle, up to a maximum of R300 000.

Loyalty Bonus
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.

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.

Policy Highlights

  • Your deposit is safe even if your vehicle is written off or stolen.
  • R10 000 loyalty bonus towards buying a replacement vehicle.
  • Up to R5 000 instalment protection while your claim is being settled.

Underwritten by Bidvest Insurance Limited, an authorised Financial Services Provider, FSP 46395. Please refer to the policy wording for full details on this product.