When purchasing a vehicle you need to consider protecting yourself against probably the single biggest financial risk associated withownership; the risk of your vehicle being declared a write-off.

Your comprehensive motor insurance does not cover everything. In the event of your vehicle being declared a write-off, you could be left with a significant difference between your motor insurance payoutand what you paid for the vehicle or owe your finance company. The graph below is an example of how motor insurance works.

Motor insurance only covers you for the market value of your vehicle at the time it is declared a write-off.

Combined Guaranteed Asset Protection is subject to the terms and conditions contained in the policy schedule. You should note that there are certain limitations in terms of the maximum amount you may claim. Please ask your sales executive for further details.