Msure

Driving Mobility. Expertly crafted solutions for cars and their people. Warranty. Interior & Exterior Protection. Credit Shortfall. Credit Life. Deposit Cover. Trusted by South Africa’s mobility industry

Msure

What is motor plan warranty?

What Is A Motor Warranty? Much like your motor plan, a motor warranty covers the cost of repairing your car after an electrical or mechanical breakdown. However, while a motor warranty’s lump sum cash benefit covers a variety of repairs, it will not cover damages caused by everyday wear and tear.

How does credit shortfall work?

Credit shortfall insurance will cover you for any shortfall between the amount you owe on your financing loan and what you are paid out (if a car is deemed beyond economic repair following an accident or if stolen).

What does mechanical breakdown warranty cover?

Mechanical breakdown insurance covers major failures that can occur in your car, which are often excluded in basic auto insurance. Whether it’s bad brakes, transmission issues, the electrical system or any other major vehicle system malfunction, MBI covers the repairs.

What is a credit shortfall with residual?

Credit Shortfall covers you for the shortfall when the amount you owe (including residual amounts/balloon payments) exceeds the insured retail value of your car. In other words, it covers you for the gap between the retail price and the outstanding finance amount.