Gets you back into the driving seat. Pays-out 10% of the value that your vehicle was originally insured for in the event of a total loss claim.


Watch the video below to find out more.

Deposit Cover is best explained using a simple, practical example:

Cameron buys a brand new vehicle and insures the vehicle for its purchase price - R 348 900. At the same time, he takes out Deposit Cover from M-Sure.

Life is great until, one day, Cameron comes out of the mall to find an empty parking space where his beautiful vehicle used to be. The tracking company has no luck in retrieving it and Cameron has no choice but to admit that his beloved vehicle is gone forever.

Deposit Cover pays Cameron 10% of the initial purchase price of R 348 900, which leaves him with an amount of R 34 890 to put down as a deposit on a brand new replacement vehicle.


Not sure what the Deposit Cover solution covers? 

Take a look at the graph and explanation below.

The Deposit Cover solution in a bit more detail

Deposit Cover helps you get back on the road in the event of a total loss of your vehicle. We will look after:

  • 10% of the original purchase price of your vehicle at policy commencement date. For example if you bought your vehicle for R 300 000 we will pay-out R 30 000 [R 300 000 x 10% = R 30 000], towards
    • a deposit on a new vehicle*
    • a holiday, school fees or trauma counselling due to  hijacking*
    • those extras that you always wanted on your next vehicle*
    • a shortfall at the bank if the vehicle was financed
  • Maximum pay-out R 100 000
  • R 20 000 in the event of your accidental death or permanent total disability caused directly by a motor vehicle accident involving your vehicle**

Scenario events

Vehicle written off or stolen, hijacked and not recovered – a total loss


Death or permanent total disability



Frequently Asked Questions

Is Deposit Cover only for cases of theft and hijacking?
No, Deposit Cover activates at any situation of a total loss - whether or not it is an accident, write-off, or theft.

What can Cameron use the Deposit Cover pay-out for?
That's completely up to Cameron. Many people prefer to use the pay-out as a deposit on a new vehicle, but Cameron can use it for counselling if he was involved in a traumatic experience, a holiday to take his mind off things, or whatever else Cameron chooses.

Does Cameron have to finance his vehicle through the bank?
Deposit Cover is for all types of buyers. Whether Cameron bought his vehicle cash, or financed it. The important part is the initial purchase price of the vehicle.

You will find an explanation of all the different parties involved in providing you with our smart solutions. For more information on the products, insurer, administrator and excesses click here.



Fill in details below for any specific, range of or all of our solutions and receive accurate quotes.

  • Select one or more solutions from the list below

Is / will the vehicle be financed?

Balloon payment


Your Privacy is important to us.

Read how we protect and process your information.

Click here to download our Deposit Cover solution guide

For more information on our Deposit Cover solution, please download our PDF guide.


Policy wording (full terms and conditions) –  is available upon request. 
Request now.

Interested in this solution?

Fill in your details and we’ll call you back.

Contact Us