BMW Motorrad Top Up Cover
Ensure nothing interrupts your journey with insurance engineered to protect you from vehicle finance settlement shortfalls. If your vehicle is stolen or written off, we’ll settle the difference between your comprehensive insurance pay-out and the amount owing on your credit agreement.
Option 1: BMW Motorrad Basic Top Up Core
Option 1: BMW Motorrad Basic Top Up Core
Enjoy a simpler, no-frills version of our traditional Top Up Core cover.
Top Up Core gives you peace-of-mind with essential cover where you need it most.
What you get:
- Covers vehicle amounts greater than R50,000
- Maximum benefit – R600 000 shortfall
- This product does not include supplementary cover.
0 - R100 000
R100 001 - R200 000
R200 001 - R300 000
R300 001 - R600 000
Option 2: BMW Motorrad Top Up
Option 2: BMW Motorrad Top Up
Motorcycle amounts greater than R50,000 and less than R1,5 million
Maximum benefit – R300 000 shortfall
R6000 excess benefit towards underlying excess in the event of a valid shortfall claim. The maximum amount paid out, will be determined by your underlying Comprehensive insurance over on your motorcycle.
Supplementary cover included in the event that you unintentionally violate the underlying comprehensive policy – You will need to submit an Ombudsman request against the underlying Insurer first.
Deposit protector (Optional cover only applicable if a deposit was paid). Deposit protection up to R100 000.
Option 3: BMW Motorrad Trade Assist Loan Top Up
Option 3: BMW Motorrad Trade Assist Loan Top Up
In the event that you take out a Trade Assist Loan to cover the shortfall on your trade-in motorcycle, you can take this option which will cover this amount in the event that your BMW motorcycle is stolen or written off.
What you get:
- Covers motorcycle amounts greater than R50,000 and less than R1,5 million shortfall
- Maximum benefit – R300 000 shortfall
- The maximum amount paid out, will be determined by your underlying Comprehensive insurance over on your motorcycle
Need to contact us or make a claim?
Telephone number: 0860 100 269
Terms and Conditions
BMW Financial Services (South Africa) (Pty) Ltd. is an Authorised Financial Services and Registered Credit Provider NCRCP2341. Insurance is underwritten by Guardrisk Insurance Company Ltd an Authorised Financial Services Provider Licence No.75. Terms and conditions apply.
FREQUENTLY ASKED QUESTIONS
In the event that your vehicle is stolen or written off, Top Up Core will settle the difference between your comprehensive insurance pay-out and the amount owing on your credit agreement.
Pricing is calculated based on the actual shortfall amount selected.
If your Vehicle is stolen or written off, we will settle the difference between your Comprehensive Insurance pay-out and the amount on your Finance Agreement, less excess payable, arrears, refundable premiums, legal fees, notice interest charges or capital additions.
Where the vehicle is stolen and not recovered or damaged beyond economical repair and is written off by the Comprehensive Underlying Insurer, who has settled your claim by means of a lump sum payment, and a shortfall arises between such payment and the Credit Agreement amount, we will settle the shortfall difference.
