Underwritten by OMART Insure
Underwritten by OMART Insure
A free check in under 60 seconds. Discover the products that cover the financial gaps your comprehensive car insurance leaves behind.
Four taps. Real book values, not estimates. How this works
Free · No name, email or phone · Guide book values, not a quote
Vehicles with a retail value of R750,000 or less qualify, model year 2010 onward. Commercial vehicles, trucks, motorcycles and some high-performance and luxury models are not eligible.
A car loses value fastest in its first years. A vehicle loan pays down slowly at the start, because the early instalments are mostly interest. For a stretch in the middle of most finance agreements, what the car is worth is less than what is still owed.
If the car is written off, stolen or hijacked in that window, your comprehensive insurer pays the vehicle's value at that moment. The finance agreement is unaffected by that payout. Whatever is left over is still yours to settle — on a car you no longer have.
And that is only the finance gap. Your excess still comes off the claim, the payout is based on what the car has depreciated to rather than what it was insured for, and a replacement at retail costs more again. Four separate shortfalls, and comprehensive cover addresses none of them.
None of this is a loophole or misconduct. The insurer pays exactly what the policy says: the value of the car. It simply does not undertake to restore your position.
Each one closes a different hole between the claim and being made whole. They are sold separately — which of them you hold depends on the cover you choose.
Covers the basic excess on a valid claim under your main policy — so the claim doesn't start with a bill.
Fixes: the excess you pay upfront
Pays the difference between the insurer's payout and what you still owe on the finance agreement.
Fixes: owing more than the payout
Tops the payout back up toward what the vehicle was insured for, rather than what it has depreciated to.
Fixes: the depreciation gap
Adds to the payout to bridge the jump from market value to what the same car costs at retail today.
Fixes: replacement cost inflation
Cover applies on write-off, theft or hijacking, subject to product terms and limits.
It covers the car. It does not cover the loan. Comprehensive insurance pays the vehicle's value at the time of the claim — if that is less than your settlement figure, the difference is yours.
No. The values shown are current guide book values for your vehicle and for earlier model years of the same variant. They are illustrative of how the vehicle loses value, not a claim estimate and not a price for cover.
No. The check here asks for no personal details at all. If you want a quote afterwards it is done online, and it is obligation-free.
Most privately used passenger vehicles from 2010 onward, up to a retail value of R750,000. Commercial vehicles, trucks, motorcycles and some high-performance and luxury models are excluded.