How do you benefit from
We ease your financial worries!
- You won’t owe money on a car you no longer drive
- You will get a refund of an amount equal to your policy premium refund if there is no shortfall due at the time of a claim
- We will contribute towards your motor comprehensive excess up to a maximum of R6000
- We will pay a benefit in the event of your death or permanent total disability.
Affordable monthly payment options
Case in point –
How does Credit Shortfall benefit Sam?
Sam buys a new car for R380 000. She gets finance from the bank and comprehensive motor insurance. Sam is a single mother and she is a bit worried about buying on credit. As a result she also takes out a Credit Shortfall policy from M-Sure.
One year later, Sam goes grocery shopping after work and when she wants to return to her car, she cannot find it in the parking lot. She is devastated as it seems her beautiful new car has been stolen.
Sam’s insurer agrees to pay out R320 000 for her stolen car, stating depreciation as a reason. Due to interest on her finance agreement, Sam still owes the bank R365 000, creating a shortfall of R45 000! Luckily, M-Sure comes to the rescue with the Credit Shortfall policy and pays the outstanding R45 000 Sam still owes the bank. M-Sure also helps with the insurance excess, leaving Sam financially square and able to purchase a new car.
Expertly crafted solutions
for cars and their people.
Credit Shortfall FAQs