Deposit Protection

The deposit protection product is directly linked to a vehicle. It can be sold in a stand-alone form or can be packaged with the shortfall protection product and/or excess protection product.

The vehicle must be a total loss, the benefit paid is 10% of the purchase value or the actual deposit paid, whichever is the lesser. There are no age limits within this policy. The usual maximum benefit under this policy is R50 000.

This product is underwritten in the short term license.