Adcover - Auto Pedigree

Adcover Otherwise known as a short-fall cover (top-up, cover plus).

When your financed vehicle is stolen or written off, your comprehensive insurance settles an amount equal to the market trade or retail value of your vehicle, depending on your cover of choice. In most instances, especially in the first two years of your finance period, the amount paid out by the insurance company is less than your finance settlement amount, leaving you with an amount to pay out of your pocket to settle your finance agreement.

The Adcover product covers the difference between your finance settlement amount and the amount your insurance pays out giving you extra peace of mind that should your vehicle be stolen or written off, you will receive further financial assistance.

Adcover also covers R2,000 towards the excess of the insurance if your vehicle is stolen or written off.

Deposit Cover

This is an option to cover a 10% Deposit. If your vehicle is stolen or written off you will get an amount equal to 10% of your original vehicle purchase value back which you can use as a deposit to purchase a new vehicle again.

(Normally in the first year when a financed vehicle is stolen or written off there will be no deposit left after the insurance company settled your claim with the bank. That means that you must start all over again to build up a deposit to purchase a new vehicle.)

Unfortunately you will never be in the same position as you were before your vehicle was stolen or written off but with adcover it makes the situation a lot easier for you to purchase again.

For more information on Adcover and/or deposit cover, please ask to speak to one of our fully qualified F&I managers.