Everything you need to know about deposit protection
You have spent many months saving and putting away money. Finally, you can afford to get yourself from A to B. The time for you to go car shopping has finally arrived. Many things can go down the drain, your hard earned money should not be one of them. Do you know how much of your deposit you would get back if your vehicle is stolen or written off tomorrow?
Living with the stressful reality that most of your money will be lost is not something you need to put yourself through. With Deposit Protector from Bidvest Insurance, you don’t have to worry about losing your hard earned cash.
What is Bidvest Insurance Deposit Protector?
Deposit Protector is another incredible Bidvest Insurance policy. It covers the deposit paid when you purchased your car, should the car be written off or stolen.
Why should you get Deposit Protector?
Not everyone can go around spending and losing money carelessly. Deposit Protector is an insurance policy that will cover the deposit paid when you purchased your vehicle.
What does your Deposit Protector cover?
- Deposit Protection: In the event that your vehicle is written off or stolen, Bidvest Insurance will pay the deposit as paid when you originally purchased the vehicle: up to R300 000.
- Loyalty Bonus: Loyalty is something we are passionate about and that is why we offer you R10 000 towards a replacement vehicle.
- Instalment Protection: There are things that take time with the worst possible timing. If your claim for a stolen or written off vehicle with your underlying insurer takes more than 60 days, we will pay your monthly vehicle instalment up to R5 000 for up to 3 months.
How much does Deposit Protector cost?
No two people are the same, and the same can be said for your vehicle. That is why your monthly premium is calculated on the deposit you paid when you bought the car.
How do I claim from Deposit Protector?
You can contact us on 0861 272 777 or email depositclaims@bidvestinsurance.co.za to notify us of the incident. The claims assessor will then guide you through the claims process.
It is always best to make sure that all your hard earned money is safe from the unpredictable circumstances of everyday life. Buying a car is no small achievement. Bidvest Insurance always makes sure that you are covered.
