Does MiWay Insure Code 3 (Rebuilt) Vehicles? and if so, will the premiums / excess be higher than a normal car of that model/year?
Yes, we cover passenger vehicles (not exceeding 3500kg) that are registered in South Africa and in a roadworthy condition. We however only pay out 70% of the market value in the event of a total loss of the vehicle. The premium is based on the whole profile of the client, not only on the vehicle. The standard excess will apply unless the client has opted for a voluntary higher excess.
Car Insurance Additional Information
MiWay offers flexible car insurance to cover losses primarily due to an accident or theft.
In addition to accident or theft, comprehensive car insurance in South Africa covers losses due to fire and explosion, natural disasters like hail and floods and damage to the vehicle’s glass.
Additional options such as car hire and cover for non-standard sound systems and car accessories can also be added to your car insurance policy.
Car Insurance is sometimes referred to as Vehicle Insurance or Motor Insurance.
