VW insurance

Direct short-term insurance companies not cutting it? If you’re the proud owner of a new VW, you are eligible for Volkswagensure, a unique insurance product that caters specifically for VW owners. Underwritten by Hollard, VW insurance is more than just Golf insurance, but includes life, disability and credit short-fall cover to guarantee that your financed VW gets covered no matter the peril.

VW insurance motor comprehensive policy is a car and household insurance product provided by Volkswagen Financial Services. Included in the policy is a customer protection plan, credit shortfall insurance, deposit protector and return to invoice policy.

VW insurance customer protection plan

One of the benefits of the VW insurance is that it covers the vehicle’s owner from retrenchment, disability, death and illness. Should he or she be unable to earn a living as a result of disability or other ailment, or even be retrenched, the Polo insurance will cover the remaining credit on the vehicle. The policy will pay a maximum of R1 million.

Should the owner die or be permanently unable to earn a living (for permanent disability for example), then the full value of the remaining credit will be paid to the financier. If the owner is only temporarily disabled, then the Polo insurance will cover the monthly installments for the recuperation period. For retrenchment, the VW insurance policy will only pay up to three monthly installments giving the owner time to find a new job.

VW insurance shortfall cover

The Shortfall Plus plan from Golf insurance covers the credit amount in the event that your VW is stolen, hijacked or written off in an accident. Credit shortfall insurance is especially important for new vehicles. Insurance companies only pay out the market value of the car, while banks and other financiers lend the retail amount. This means that the insurance company will only pay the value of the car at the time of loss and not the full amount you borrowed. Credit shortfall insurance pays the difference.

An added benefit of shortfall cover is that if you accidentally default on the conditions of your insurance policy, and the insurance company rejects your claim, you can make the same claim under the shortfall benefit. Though an additional excess of 10% of the market value it payable in such an event.

VW insurance deposit protector

The deposit protector allows you to get the deposit back for your Golf, Polo or other VW vehicle in the event that it is stolen or written off accidentally. While the car depreciates in value, the Golf insurance will pay back the same deposit that you put down when you bought it. This is a separate policy and is purchased in addition to the comprehensive motor insurance policy.

VW insurance return to invoice policy

If your car is written off or stolen in the first 48 months of you purchasing it, VW insurance will pay out the amount that you paid when purchasing it. Insurance companies only pay out the market value of the vehicle for total loss, which means without this, you will end up footing the bill for the deprecation since purchase date.

For more information on VW insurance visit their site, or fill in our online form for a comparison of car insurance quotes.