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Volkswagensure Return to Invoice Policy

What is the Return to Invoice Policy?


It is a guarantee that you will get back what you paid for your vehicle if it is written off or stolen during the period of insurance – which is a maximum of 48 months. It provides financial protection against automatic annual depreciation in vehicle values which can cause financial loss to vehicle owners despite excellent comprehensive insurance cover.

Return to Invoice is a stand-alone, independent policy that may be purchased in addition to a motor comprehensive insurance policy. 

Benefits

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 at the date of the loss.

Original purchase price: This is the amount shown on the purchase agreement or invoice (excluding any amount refundable such as credit life or motor warranty insurance premiums).

Market value of the vehicle at the date of loss:

This amount is the greater of the following:

  • Either the amount in the Auto Dealers Guide

    or

  • the amount paid by your comprehensive motor insurer at the date of loss.

Maximums

The maximum period of this cover is 36 months.

Maximum cover insurable is R500 000 (Five Hundred Thousand Rand).


Please speak to your Dealer or contact Volkswagensure on 0800 204 638 if you have any queries or to receive a quote.

Hollard Insurance

Volkswagen Financial Services, a division of Volkswagen Financial Services South Africa (PTY) Ltd. an authorised Financial Services and Credit Provider. NCRCP6635