Cash Benefit Insurance [CBI]

If your comprehensively insured vehicle is written off (declared a total loss) as a result of accident or theft , you may find that the payout from your comprehensive insurer will not cover all costs incurred to replace the vehicle.

Cash Benefit Insurance is designed so that if you receive a total loss payout from your comprehensive insurer for your vehicle (following a total loss) MTA Insurance Limited will pay the nominated amount to you or your credit provider (subject to the conditions and limits in this policy).

The information provided on this site is for general advice only and the product disclosure statement should be consulted for full details.