Cycle Short is a unique credit shortfall policy. This is an essential policy that protects your family's lifestyle in the event of an unforeseen mishap. The key features of this policy are:
* Cover shortfall – Cycle Short covers the shortfall between your insurance payout and the amount owing on your finance agreement. The amount we will pay is the settlement balance less the amount paid by the underlying insurer(excess allowed R 3000).
* Should your comprehensive insurers reject your claim due to your unintentional violation of their policy conditions, you can claim under your Cycle Short policy. The following are examples of unintentional violation of your comprehensive policy conditions:
- Should you inadvertently fail to make a monthly premium(after you had made three successive payments), you can claim.
- Should you unintentionally miss the prescribed time within to claim, you can claim
0800 Insurance Brokers is an authorised financial services provider, FSP 30490
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