Loan Termination Insurance covers you in the event that you cannot make your repayments. It will cover the gap between the market value of your vehicle and the balance of the loan. It can cover you in cases such as:
There are circumstances where, returning the car and terminating the loan might be your only choice. With Loan Termination Insurance, you and your family will be covered in this event.
Loan Termination Insurance will cover the difference, if there is one, between the market value of the vehicle and the loan balance you have remaining. Without it, you’re personally liable.
Loan Termination Insurance Covers:
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