Value Added Products (VAPs)

Merx offers a full suite of Value Added Products including:

Own Damage Excess Reducer

Reduces the insured’s own damage excess on a comprehensive insured vehicle from a percentage of the claim or value of the vehicle to a flat excess. The insured can claim even if the claim falls within his standard excess.

Theft or Hijack Excess Reducer

Reduces the insured’s theft or hijack excess on a comprehensive insured vehicle from a percentage of the claim or value of the vehicle to a flat excess.

Third Party Excess Reducer

Reduces the insured’s Third Party excess to R0.

Loss of Use

This pays an amount for the loss of use of an insured vehicle, caused by damage, theft or hijacking.

Credit Shortfall

Settles any shortfall owed to the financier under a current sale or lease agreement.

Goods in Transit

The Insured can select to reduce the damage to insured property excess and/or the Theft or Hijacking Excess.

Repatriation

Pays the cost to repatriate a comprehensive insured vehicle to the South Africa border after damage.

Deposit Protection

The company will pay an amount towards the deposit required in order to purchase a replacement vehicle following an insured event.

Please view our VAPs brochure for the maximum indemnities and inner excesses for each of the products above.

For further information email info@merxum.co.za or phone +27 86 100 6379