How do I benefit?
Affordable monthly payment options
No large unexpected excess- Personal accident benefits in case of accidental disability or death
- Comprehensive car insurance excess provision
- Provision for credit shortfall
- Safe car towing and storage
Is this policy for me?
Hijackings, accidents and theft happen, especially if you often travel through high risk areas. You never know when you might be a victim of crime.
When the unfortunate happens, Adcover will make sure you don’t pull on the short end of the straw.
This policy will settle the shortfall between what your comprehensive car insurance pays out and the debt you still owe to the finance house (bank) in order to pay off your car. We will not pay more than R500 000.
This policy has your shortfall sorted.
Is this policy not what you’re looking for?
What is provided for?
This refers to the shortfall amount between your debt to the Finance house (bank) and the amount paid by your motor comprehensive insurer for a total loss claim.
If the amount paid by your motor insurer is less than the market value of the car, we will pay the difference between the market value and the outstanding debt due at the date of the loss.
Maximum of R500 000
Where we have agreed to settle your shortfall claim, we will also contribute towards the excess under your motor comprehensive insurance policy for which you are responsible for, up to a maximum of R6 000
Maximum of R6 000
In the event of your accidental death or permanent total disability caused directly by an accident involving the car noted in the schedule, we will pay up to a maximum benefit of R20 000.
We will pay up to a maximum of R2,500
If your comprehensive motor insurer rejects your claim due to your unintentional failure to comply with a policy condition, we will pay for the reasonable repair costs. We will pay the market value or the sum insured shown in the schedule, whichever is less.
If the car is beyond economical repair or is stolen or hijacked and not recovered within 30 days, we will pay the market value or the sum insured shown in the schedule, whichever is less.
The fine print
Your car qualifies for an Adcover Policy if:
It’s still financed through a finance house.
It has a valid comprehensive car insurance policy, covering the car for the full market or retail value.
It’s a private vehicle: private motor cars, light delivery vehicles with a gross vehicle mass of not more than 3,500kg motorcycles, caravans and trailers with a carrying capacity of not more than 750kg.
It’s a vehicle with a gross vehicle mass of not more than 8,700kg, used for the carriage of passengers for reward or for social, domestic and pleasure purposes.
Commercial vehicle with a gross vehicle mass in excess of 1,500kg and up to a maximum of 8,700kg, and trailers with a carrying capacity of not more than 750kg.
Personal accident benefits in case of accidental disability or death:
In the case of accidental permanent and total disability – the benefit is payable only if the disability occurs within 12 months of the date of the accident.
All benefits will be reduced by 50% once you reach the age of 70.
How to use this product
Learn moreFor additional information on this product and the respective FAIS disclosure, click here.
An Adcover Policy takes care of the shortfall between your comprehensive car insurance payout and the settlement amount owed to the finance house according to your finance agreement at the time of a total loss .
Your car qualifies for an Adcover Policy if:
It’s still financed through a finance house
It has an active motor comprehensive policy covering the car
You have the following option to pay for an Adcover Policy:
Monthly
You can purchase Adcover via our national call-centre or through approved dealerships
