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 Knee Cracking & poping appears after Run, Please advise Spasms in diaphrahm? Dokter. 'n Bontpoot borsluis het gister my kind gebyt. Ons het hom afgehaal en sover moontlik alle dele verwyder. Ek smeer oogsalf aan die plek. Waarvoor moet ek uitkyk en wat staan my verder te doen? Tmj/migraines/pulsating tinnitus/nystagmus Tmj or? To worry or not? I feel like Ive lost my ability to think objectively prt2 I feel like I've lost my ability to think objectively prt1 Spasms in diaphrahm? Neglect and emotional abuse of toddler Mad or crazy or Depressed maybe Hi im on depo for one month now and have gained 7kg despite of the fact that im using herbex slimming products.What can I di to stop the weight gain? Hormone Working for 4 years on Contract Not sure if my boyfriend is in our relationship My son is on a hunger strike because he got braces advertisement From our sponsors Managing diabetes in the workplace Back-to-school with diabetes Discover treatments that can help reduce acne What can I do to reduce or remove acne marks?