Lexus Guaranteed Auto Protection Plan
The Guaranteed Auto Protection Plan policy is a stand alone policy which may be purchased in addition to a Motor Comprehensive insurance policy.
Benefits include:
Shortfall cover - where the vehicle is a total loss (written off, stolen or high jacked) and the outstanding balance owing to the bank is greater that the current value of the vehicle, you may claim against this policy benefit. The benefit will attend to the difference you owe the bank and the amount the insurance company pays.
Violation of Conditions cover - where the customer unintentionally failed to abide by a policy condition of the motor comprehensive policy and the insurance company rejects the claim, you may submit a claim against the GAPP policy's violation of conditions benefit.
Deposit benefit cover - where the vehicle is a total loss, there is a shortfall and you have paid a deposit, the deposit amount, as specified in the policy wording, would be included in terms of the shortfall calculation.
Body-line Maintenance cover - where the vehicle suffers minor damage and the total cost of repairs is less than the excess payable in terms of the motor comprehensive policy, the vehicle may be repaired under this section of the policy.
The Lexus Financial Services Guaranteed Auto Protection Plan is suitable for anybody purchasing a new or used Lexus, financed through Lexus Financial Services and is conveniently available from any Lexus Dealer in South Africa.
Lexus Financial Services Guaranteed Auto Protection Plans is underwritten by The Hollard Insurance Company Limited, a registered financial service provider, Reg. No. 1952/003004/06.