When a car is written off and totally lost through theft or accident the comprehensive insurance payout for your car may not leave enough over for a deposit to buy a new vehicle. This policy makes sure that you get a deposit back – even if your car has depreciated in value since you bought it.
The Deposit Protector policy is a stand alone policy which may be purchased in addition to a motor comprehensive insurance policy.
A condition of the Deposit Protector policy is that you need to ensure that the vehicle is comprehensively insured for its full market value.
- The maximum deposit insurable is 40% of the total sum insured (value of the vehicle) or the original deposit paid, whichever is the lesser, limited to a maximum of R50 000 (fifty thousand rand).
- Where the vehicle is stolen and not recovered, or damaged beyond economical repair and is written off, you will be paid a deposit amount as shown above.
New or Used Cars
The Toyota Financial Services Deposit Protector policy is suitable for anybody purchasing a new or used Toyota, financed through Toyota Financial Services, and is conveniently available from any Toyota Dealer in South Africa.
Motor Comprehensive Insurance
Your Toyota Financial Services representative will put you in contact with an approved panel of motor comprehensive insurers who will be able to provide you with competitive quotations.
This brief summary is for information and marketing purposes only.
Please refer to the full policy wording available from Hollard Insurance
for all the contractual terms and conditions.
Toyota Financial Services Guaranteed Auto Protection Plans is
underwritten by The Hollard Insurance Company Limited, Reg. No.
* The information provided in this web site is for information and marketing purposes only. Toyota Financial Services accepts no responsibility or liability for damages resulting from the use of information displayed on this site.