Yourcarfinance offers a wide range of vehicle related insurance products tailored to protect you from many of the risks encountered with vehicle ownership and finance. We have done all the legwork for you and made several comparisons of the best Insurance Companies and believe that we have selected only the best insurance products to offer to you.
Comprehensive car insurance cover provides for loss or damage to your vehicle, including legal liability for loss or damage to another person’s property. All lenders require comprehensive car insurance on call car loans.
Security Shortfall Insurance (SSI or GAP)
Security Shortfall insurance is a fantastic product designed to protect you in the unfortunate circumstances that there is a shortfall, or GAP, between what an insurer pays out on a Total Loss claim and what your finance company requires you to payout your loan. There are different levels of cover depending on your needs.
Purchase Price Protection Insurance
This product is similar to Security Shortfall Insurance, but does not require there to be finance on the vehicle. Depending on the level of cover you select, this product actually pays out the difference between your Insurance Payout and the original purchase price you paid for your car, in the unfortunate event of a total loss. This means instead of being able to go and purchase a car to the same value of the one that has been a total loss to you, you could purchase a new car instead.
Loan Protection Insurance gives you and your family total peace of mind in the event of an accident, sickness, involuntary unemployment, death and disablement and is a Guaranteed Ownership Plan. This insurance will cover your loan repayments or pay out your loan completely, subject to the limitations of the policy.