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.