Key takeaways
- Scratch and Dent Insurance protects your budget from the cost of repairing minor scratches and dents.
- Frequent smaller claims on your Comprehensive Insurance can lead to increased premiums.
Busy parking lots being common sources of minor dents and scratches. While this cosmetic damage may seem insignificant, they can hurt your budget over time – unless you have Scratch and Dent Insurance from Bidvest Insurance. Let’s explore how Scratch and Dent Insurance protects your budget and the resale value of your car.
Why Scratch and Dent Insurance makes financial sense
Scratch and Dent Insurance protects your wallet from the cost of repairing minor cosmetic damage on your vehicle. Most of the time, scratches and dents appear out of nowhere. A rogue trolley in the parking lot, or an inconsiderate door swinger. These dings and dents are often overlooked, but can accumulate significant repair costs over time. Here’s why you need Scratch and Dent Insurance:
Maintain your vehicle’s resale value
The unfortunate reality is that your car is a depreciating asset. It only makes you human to want to preserve the resale value of your car. Vehicles with visible scratches and dents can depreciate significantly, affecting your car’s value when selling or trading in. Scratch and Dent Insurance enables you to repair these minor issues before they escalate, helping you maintain your car’s aesthetic appeal and market value.
Protect your wallet from unexpected repair costs
The cost of not having Scratch and Dent Insurance
Not having Scratch and Dent Insurance can damage your resale value. The cost of repairs for minor damage can also be substantial. For example, if you neglect to fix a small scratch, it could lead to rust and more extensive damage over time. Consider this real-world hypothetical example: Case Study: Capetonian driver (2018 Toyota Hilux)
Year 1:
- R2,400 supermarket parking lot scrapes.
- R2,000 hail damage.
Year 2:
- R2,000 windscreen chips.
- R2,500 bumper scratch.
Year 3
- R2,100 roadside barrier scratch.
- R1,500 door ding.
- Total paid out-of-pocket: R12,500
- Insurance cost: R129 x 12 = R1,548/year
Avoid increased Comprehensive Insurance premiums
Making frequent claims on your Comprehensive Insurance for small damage can result in higher premiums over time. Insurers often view multiple claims as a sign of risk, leading to increased rates when it’s time to renew your policy. Scratch and Dent Insurance provides a solution for minor damage, without affecting your main insurance policy’s claims history.
FAQs
What does Scratch and Dent Insurance cover?
Scratch and Dent Insurance typically covers minor cosmetic damage, including: Minor dents, scratches, chips, tar removal, wheel rim damage, hail damage, windscreen chips.
How does Scratch and Dent Insurance save me money?
By covering the costs of minor repairs that would otherwise be paid out-of-pocket, this insurance helps you avoid unexpected expenses and maintains your vehicle’s value.
Is there an excess fee when claiming?
No, with Scratch and Dent Insurance from Bidvest Insurance, you pay zero excess fees when making a claim. Don’t let minor damage ruin your car’s resale value. Repair scratches and dents when they happen with Scratch and Dent Insurance from Bidvest Insurance. Contact us for a quote and discover how easy it is to keep your car looking its best, while saving money in the long run.
