CAR INSURANCE
ODP is a cheaper temporary solution for car insurance
Outstanding Debt Policy covers the balance outstanding on a Wesbank account if the car is stolen or written off
20 August 2020 - 05:00
Comprehensive insurance cover is compulsory for vehicles financed through a bank, and it’s a contractual obligation for the duration of the credit agreement.
However, under the current economic circumstances and with extra budget pressures, vehicle owners might consider cancelling their insurance policy to save money. As an alternative, WesBank offers temporary cover in the form of an Outstanding Debt Policy (ODP), a measure that is in place until customers are able to afford comprehensive cover once again...
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