If your vehicle is declared a total loss, there’s a good chance your comprehensive insurance payout will not cover the total amount you paid for your vehicle, or the loan amount you still owe.
Allianz Value Protect Insurance covers this shortfall so you don’t have to. Whether you have paid for your vehicle outright, or have a loan balance outstanding, Value Protect Insurance can help so a total loss doesn’t leave you out of pocket.
Value Protect Insurance pays you the greater of the:
up to the maximum sum insured under the cover option you select.
In addition to covering the shortfall, Value Protection Insurance Extra cover will reimburse you for: