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It is compulsory to keep your vehicle comprehensively insured against third-party claims, and against loss or damage, for the full period of the finance agreement.

Should you not insure your vehicle, you will be in breach of your finance agreement (refer to clause 11 of the terms and conditions of your finance agreement) and MFC will have legal recourse.

When you finance your car with MFC, motor insurance can be arranged through Nedbank Insurance. Alternatively, you may obtain your own insurance or the dealership can provide a competitive quotation.