Comprehensive insurance is compulsory for a finance agreement with Lexus Financial Services, but you can arrange your own. But if you take this insurance with us, it doesn't involve any paperwork!
GAPP (Guaranteed Auto Protection Plan)
If your vehicle is written off and totally lost through theft, hijacking or accident, this policy covers the difference between your insurance pay out and the amount of your existing loan. Your vehicle must be comprehensively insured for it's full market value.
Credit Protection Plan
This policy will help you meet your credit obligations for your vehicle if you die, become disabled, get a life threatening disease or are retrenched.
Health Credit Policy
This policy will help you meet your credit obligations for your vehicle if you die or become permanently disabled.
When your vehicle is being serviced or in for repairs or it has been stolen or written off, the policy will provide you with a hired car whilst your vehicle is not in your possession for a number of specified days per event.
A policy that protects the value of your deposit paid, in the event where your car is written off and totally lost through theft or accident up to a maximum deposit of R500 000.00. Your vehicle needs to be comprehensively insured for its full market value.
Return To Invoice
When a vehicle is written off or stolen during the period of the insurance the benefit pays the difference between the original purchase price and the market value on the date of the loss. Your vehicle must be comprehensively insured for its full market value.
When you are involuntarily retrenched, this policy will take care of your monthly vehicle installment, leaving you to focus on finding alternative employment and not worry about your monthly vehicle installments.