When you are under debt review, you enjoy protection from your creditors, to the extent that the bank cannot repossess your vehicle.

The only instance where you are not protected is when that vehicle is not insured. The bank is then legally entitled to repossess the vehicle, as you are in breach of contract. The problem is that comprehensive insurance is expensive.

Our solution is motor vehicle insurance with limited cover. The outstanding balance owed on the vehicle is covered for total loss only (through theft and accident). This means that you are not covered for smaller accidents where the car is not written off. Because of the limited cover, the premium is considerably less than comprehensive insurance, in fact, about a third of normal insurance.

You might ask whether such insurance will be acceptable to the bank? The answer is a definite yes, since all the banks are selling a similar product to their clients.

Remember, if your car is not insured, it is nót protected under debt review.