If my car is written off in an accident, would miway comprehensive cover pay out an amount for the deposit of a new car ? If so how does it get worked into my premiums?
MiWay’s comprehensive car insurance cover does not pay out a deposit for a new car. You would need to add our MiValue Protector Product as optional insurance cover.
You will be paid whichever is the lesser of:
- 10% of the market value of my vehicle; or
- 10% of my insured value; or
- The difference between the market value of my vehicle and the new list price as at the date of loss
You vehicle must:
- Be uneconomical to repair
- Have been stolen or hijacked an not recovered
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.
Start saving today! Request a call-back and we will call you to complete an obligation-free insurance quote from one of our agents. Alternatively use the Online Quote option where you can earn rewards and save on joining fees by completing insurance quotes online and buying insurance online.
