Commercial vehicle shortfall cover
Be covered for the shortfall if the insurance payout for a stolen or written-off vehicle doesn’t settle what you still owe on it.
Get in touch with one of our Vehicle and Asset Finance Consultants.
Some of the benefits
Inconvenience benefit
Access a R10 000 excess benefit in the event of a shortfall claim
Deposit benefit
Get cover limited to 10% of the underlying insurer’s net settlement up to a maximum amount of R100 000 (T&Cs apply)
What’s covered
Non-motor assets and motor vehicles used for commercial purposes, including sedans, utility vehicles, trucks, buses, trailers (any vehicle without means of self-propulsion) with a carrying capacity exceeding 750kg agricultural and construction vehicles (including material handling vehicles); excluding vehicles used for demonstration purposes, mining (above or underground) or aviation (aircrafts, helicopters, drones, etc).
Terms and conditions apply
Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
What it costs
- Premiums are based on the asset value
- Your premium can be bolted onto your vehicle finance debit order
How to claim
- Contact our Vehicle and Asset Finance department when your asset is a total loss.
- For a total loss claim send an email to vafinsclaims@standardbank.co.za
- For Shortfall Claims contact 0860 123 999.
How to get it
If you already have a Vehicle and Finance Account
- Speak to your Vehicle and Asset Finance Consultant
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What’s covered
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What it costs
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How to claim
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How to get it
Non-motor assets and motor vehicles used for commercial purposes, including sedans, utility vehicles, trucks, buses, trailers (any vehicle without means of self-propulsion) with a carrying capacity exceeding 750kg agricultural and construction vehicles (including material handling vehicles); excluding vehicles used for demonstration purposes, mining (above or underground) or aviation (aircrafts, helicopters, drones, etc).
Terms and conditions apply
Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
- Premiums are based on the asset value
- Your premium can be bolted onto your vehicle finance debit order
- Contact our Vehicle and Asset Finance department when your asset is a total loss.
- For a total loss claim send an email to vafinsclaims@standardbank.co.za
- For Shortfall Claims contact 0860 123 999.
If you already have a Vehicle and Finance Account
- Speak to your Vehicle and Asset Finance Consultant
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