If your comprehensively insured vehicle is written off or declared a total loss as a result of accident or theft, you may find that your comprehensive insurance payout isn’t enough to replace your old vehicle for like or up to the same amount you paid for it when originally purchased.

Whether you fully owned your car or paid a large deposit and financed the balance, Cash Benefit Insurance ensures your equity by paying you a predetermined amount selected by you in your policy. Cash Benefit Insurance means you don’t have to incur out-of-pocket expenses or worry about a less-than-market value payout from your comprehensive insurer when you need to replace your vehicle.