When purchasing a new motor vehicle, the last thing on your mind is mechanical breakdown. However, vehicles today are complex and have so many mechanical and electrical components. Autosure Mechanical Breakdown policies are designed to help protect you and your vehicle against the cost of sudden or unforeseen breakdown. Protect your car and your budget.
Payment Protection Insurance (PPI) is a policy which covers the policyholder for the monthly instalments on their credit contract if they suffer an insured event below. The policy cover options are specific to the policyholder’s source of income at the time of entering into a credit contract. The benefits are payable directly to the financier. In the unfortunate event of death, PPI covers the outstanding balance on the loan.
The GAP policy covers some of the difference (the gap) between a total loss payout on your vehicle by your comprehensive insurer and the balance owing under your credit contract. This is called a loan equity shortfall.
Additional Benefits include:
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