Coverplus Policy (Shortfall Cover)

Shortfall cover helps you in the unfortunate event that your vehicle is written-off or stolen and you end up needing to pay the financial institution more than what your insurance pays out. Depreciation is a fact of life, so the chance that your vehicle value ends up being less than your outstanding balance is very possible. Take this cover and you will not be paying for a vehicle you no longer have, enabling you to purchase a vehicle again.