Home > Experts > Question Question Posted by: Question | 2013-02-21 Top up Hi, can a top cover my residual amount. When I sell my car? Not what you were looking for? Try searching again, or ask your own question 5 Our users say: Posted by: Thanks | 2013-02-21 Thank you. Reply to Thanks Posted by: Amasi | 2013-02-21 There are many words missing in the above post but you will figure out what I was saying.84a647 Reply to Amasi Posted by: Amasi | 2013-02-21 Theo has a point, check your policy.Top up is designed to cover the difference between market value of the car and a debt to the bank in case something happen which result in the insurance only paying for market value.Why would anyone insure your debt to cover it in case you no longer wants it? Unless you are talking of the debt portion that was included in the residual.A. R100k CostB. R30k ResidualC. R70k amount for instalments which is now at R50k as you have paid R20kD. Market value R60k.Now the following happens:1. Theft or accident: Insurance will pay R60k but you owe the bank R80k (R50k balance plus R30k residual) then you will have a debt of R20k to the bank. TOPUP will pay that R20k for yourself.2. You sell the car for R60k (market value) but you bank R80k eish you are R20k short. No insurance can help you on that as you could have sold it to your cousin for even R55k or why not for R25k.Hope this make sense.p82sv6 Reply to Amasi Posted by: T | 2013-02-21 Theo, they are still offering the cover. I recently bought a new car. I dont have it. They only mention in case of an accident, theft or highjack. Mara nothing about covering the short fall when I want to sell my car and get a new one. Reply to T Posted by: Theo | 2013-02-21 What is your insurance schedule saying regarding this? Please read it and you will have all the answers there. Reply to Theo Have your say Your name (optional) Your comment Security × Thanks for commenting! Your comment will appear on the site shortly. Search health advice Find an answer × Thanks for commenting! Your comment will appear on the site shortly. Reply to Your name (optional) Your comment Security Close Submit comment Recently: Asked Questions Answered Questions Commented Questions Inflamed tonsils Please help with way forward Abdominal pain Problems for years I asked my wife to sleep with other men and now I regret it... Please help me Pain in left arm shoulder joint Tramacet and other medication My Uric Acid level is 6.1 but having a gout attack on my left foot. According to my Dr, I got "Gouty Arthritis" - Why all the Cortisone (Prednisone Post nasal drip Wet at the gynae Husbands strange likes Censorship Unappreciated My Husband cheated what should I do. advertisement From our sponsors Sun protection for all children Understanding your sunscreen The science behind cosmeceuticals Do you know these 5 facts about skincare?