Product Description

Renasa’s IVP Policy insures vehicle value depreciation in the event of a total loss and has several other benefits for policyholders.

• Pays the difference between retail value at inception and retail value at date of loss
• Represents economical cover with premiums determined by a dynamic rating engine integrated to most common policy administration systems
• Automatically includes credit shortfall cover for finance of vehicles
• Is available on vehicles of any age whether or not financed and whether insured comprehensively by Renasa or another insurer
• Represents an increasing benefit as the vehicle depreciates and responds if the underlying comprehensive policy responds
• Is a retention mechanism that offers cross selling opportunities to intermediaries


Renasa Insurance Company Limited is an authorised Financial Services Provider (FSP License No 15491) and is licensed as a non-life insurer (License No IN0140).

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