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.
Provides valuable cover by paying the difference between your comprehensive insurance pay-out and the amount still owing to your finance company.
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
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.
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.
I would like to place on record the excellent service I received from Makgethu when she did my (travel insurance) top up cover, she knew her product and acted promptly to my needs. Keep up the good service.
I would like to thank you for providing excellent service since I insured my vehicle with you for the past four years and you remained one of the Insurance Brokers I can recommend to my fellow colleagues.
“Highest level of professionalism.”
“Highly professional service and swift response to my queries.“
“I really appreciate the professional way they handle quotes.”
Underwritten by Bidvest Insurance Limited, an authorised Financial Services Provider, FSP 46395. Please refer to the policy wording for full details on this product.