This guarantees a car owner that what they pay for the car they will get back if the car is written off or stolen during the period of insurance – which is a maximum of 48 months. This provides financial protection against automatic annual depreciation in car values which can cause financial loss to car owners despite excellent comprehensive insurance cover.
The Return To Invoice policy stands alone and independent and may be purchased in addition to a motor comprehensive insurance policy.
When a vehicle is written off or stolen during the period of the insurance the benefit pays the difference between the original purchase price and the market value at the date of the loss.
Original purchase price: This is the amount shown on the purchase agreement or invoice (excluding any amount refundable such as credit life or motor warranty insurance premiums).
Market value of the vehicle at the date of loss:
This amount is the greater of the following:
- the Auto Dealers Guide
- the amount paid by your comprehensive motor insurer at the date of loss.
The maximum period of this cover is 48 months. Maximum cover insurable is R100 000 (one hundred thousand rand).
New and Used Cars
The Toyota Financial Services Return To Invoice 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.
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 Return To Invoice is underwritten by The Hollard Insurance Company Limited, Reg. No. 1952/003004/06
* 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.