Credit Shortfall, also known as Gap Cover, is a stand-alone
insurance policy that covers the difference between your current loan and the
market value or the insured sum of your vehicle if it is lost or stolen.
Simply put, this helps you cover the gap between what you have paid and what
you owe your bank if you still have an outstanding loan.
This is only available if you have a comprehensive motor
insurance policy with us, and your vehicle is still under hire-purchase.
This also includes Deposit Cover, an extra benefit that
helps cover your deposit for a new vehicle. This is limited up to 10% of the insured
sum of your vehicle with a maximum of RM10,000 for private car and RM2,500 for
motorcycle.
For Credit Shortfall Private Car,
click here.
For Credit Shortfall Motorcycle,
click here.
