Vehicle Value Protect

Affordable Vehicle Value Protect

Preserve your car’s value over time with cover that
protects its inception value if it’s written off or stolen.

Happy man in car

Affordable cover for your car's true value

Preserve your car’s value over time
For cars below R1 million retail value at inception
For cars below 10 years
Cover your car's worth without breaking the bank
Cover your car's worth without breaking the bank

You’ve just driven your new car off the dealership floor – that fresh smell, smooth ride, and the thrill of ownership has you beaming. But here’s the catch that hits every Good South African: the moment you hit the road, your car’s value starts to drop. It’s called depreciation, and it happens quickly.

Now imagine the unexpected – your car is stolen and irrecoverable. You expect your insurer to cover what you paid, but the payout is based on your car’s current value, not the original price. That gap can break your budget.

That’s where Budget Vehicle Value Protect comes in. It’s a smart, affordable cover that safeguards your car from depreciation overtime, giving you peace of mind on the road.

You’ve just driven your new car off the dealership floor – that fresh smell, smooth ride, and the thrill of ownership. But here’s the catch that hits every Good South African: the moment you hit the road, your car’s value starts to drop. It’s called depreciation, and it happens quickly.

Now imagine the unexpected – your car is stolen and irrecoverable. You expect your insurer to cover what you paid, but the payout is based on your car’s current value, not the original price. That gap can break your budget.

That’s where Budget Vehicle Value Protect comes in. It’s a smart, affordable cover that safeguards your car from depreciation overtime, giving you peace of mind on the road.

Woman in car giving thumbs up Woman in car giving thumbs up

Vehicle Value Protect

The car depreciation cover you need.

What is covered?

Protect your car's value with reliable cover benefits.

Cover for total loss icon

Cover for total loss

Covers total vehicle loss due to write-off, theft, or hijacking

Cars under R1 million icon

Cars under R1 million in value

The vehicle's retail value at point of cover should be less than R1 million

Cars less than 10 years icon

Cars less than 10 years

To qualify for the cover, the vehicle should be less than 10 years

Cars up to 15 years icon

Cars up to 15 years

When already covered, we'll cover up to 15 year

Explore our additional cover options

Customise your policy with extra protection.

Tyre & Rim Cover

Keep your wheels protected against unexpected road hazards, including puncture repairs, wheel alignment.

Motor Warranty Cover

Keep your vehicle running smoothly, and avoid the high cost of a breakdown, with our Vehicle Warranty.

Auto-Top Up Plus

Covers the gap between your insurance payout and what you still owe if your vehicle is stolen or written off.

Need Help? Start with FAQ’s.

Our advisors have answered common questions to help you understand your cover and handle emergencies, making it easy to find the answers you need.

How do I qualify for Budget Vehicle Value Protect?

 

  • The vehicle should not be older than 10 years to be covered.
  • The vehicle’s retail value should be less than R1m at inception.
  • The customer should have an underlying insurance policy that covers total loss.

 

How does Budget Vehicle Value Protect work?

We’ll cover the difference between the vehicle’s standard retail value at the start of the policy and standard retail value at the time of total loss.

What are the limitations with Budget Vehicle Value Protect?

We will not cover you for:

  • Rejected claims - If your claim under your underlying total loss policy is rejected for whatever reason.
  • Losses covered by the underlying total loss policy - Any loss for the vehicle covered by your underlying total loss policy.
  • Amounts deducted from your underlying claim - Any excesses, penalties or fees deducted from your underlying total loss policy insurance claim.
  • Ex-gratia Claims - Any claim paid as an ex-gratia will not be considered a valid claim. This is a payment out of contract. Therefore, we will not deem an ex-gratia payment as a settled claim.

How do I claim for Budget Vehicle Value Protect?

  • The insured must give us full details of the insured incident they are claiming for, within 30 days of becoming aware of such an incident.
  • The customer must give us any information, proof, documents and co-operation that we need within 14 days of request.

Claiming with us is easy. Call us on 0860 10 55 38 to submit your claim. We will only pay out on valid claims after your underlying total loss vehicle policy claim has been settled for the insured vehicle.