Where the vehicle is a total loss (theft or accident) and is written off by the underlying insurer who has settled the claim, and a shortfall arises with the bank, we will pay the shortfall,

less:
the excess payable in terms of the underlying policy,
insurance premiums that are refundable additions added to the credit agreement after its original start date,

plus:
R 3 000 of the excess paid in terms of the Underlying Policy when there is a shortfall claim.
Maximum Benefit: R 750 000

Supplementary cover - Where the vehicle is a total loss (theft or accident) or damaged, and a condition of the underlying policy is unintentionally violated resulting in the rejection of the claim by the underlying insurer, we will pay:

• fair repair cost if damaged, less the excess of the underlying policy, or

• fair market value if total loss, less the excess of the underlying policy

• An additional excess of 15% is payable if the claim is paid due to:

• the vehicle being insured for the incorrect class of use, or

• The claim is rejected due to the violation of a suspensive condition.

This cover is underwritten by Pinnafrica Insurance Limited.

Tel: (011) 244 1300 Fax: (011) 244 1301