Insurance that can be included in your Finance Package
Motor Vehicle Insurance we have one level of cover offered to our clients and we use Allianz Prestige Motor Vehicle Insurance. You are covered for Accidental loss or damage to your vehicle, plus damage to other people’s property. Your current no claim bonus will be recognised by Allianz. Other benefits include:
- Substitute vehicle
- Legal costs
- Rental car following theft
- Trailer and caravan cover
- Emergency repairs
- Emergency accommodation costs
- Re keying and recoding of your vehicle locks
New Car Extended Warranty designed as an extension of cover provided under the original manufacturers warranty, beyond the period of manufacturers warranty, for the repair or replacement of mechanical and electrical failure, which would have been covered by the original manufacturers warranty and falls within the terms and conditions of the policy.
Motor Equity Insurance (GAP) a policy that offers cover when the payout on the loan contract exceeds the payout of your comprehensive insurance policy. GAP pays the difference between the two. If a total loss payment is made in relation to your vehicle by your comprehensive insurer, we will pay the difference between the total loss payment and the loan settlement amount subject to the cover you choose. You can also choose to have extra cover which will cover the costs incurred in buying a new vehicle including the insurance policy excess; delivery charges; registration costs; CTP and stamp duty.
Loan Protection Insurance protects you against the risk of being unable to meet your loan repayments as a result of death, trauma, disability or involuntary unemployment, subject to any maximum payouts stipulated in the contract you choose. This insurance provides you with protection and peace of mind knowing that if the unforeseen happens, your repayments will be made in the circumstances which are covered. You have three choices of cover and they are outlined below.
Trauma and Death Cover cover pays the net balance under your loan agreement in the event of the death; if you are diagnosed with cancer; require coronary artery bypass surgery; or have a heart attack or a major stroke. The maximum amount payable under this policy cover is the outstanding balance of your loan up to a maximum of $100,000.
Disability Cover pays your loan repayments due under their loan agreement in the event that you become totally disabled for longer than the elimination period, subject to the policy’s limits. Payments will start from the end of the elimination period and continue for as long as you are totally disabled or until the policy ends, whichever happens first. This cover will meet installments up to a maximum of $3000 per month. The maximum amount payable during the entire period of
insurance and for claims by all insured persons combined is $100,000.
Involuntary Unemployment Cover pays your loan repayments due under their loan agreement in the event that you become involuntarily unemployed for longer than the elimination period. Payments will continue for as long as you remain involuntarily unemployed up to a maximum period of 120 days or
until the policy ends, whichever happens first. This cover will meet installments for 120 days up to a maximum of $4,000 per claim. The maximum amount payable during the entire period of insurance is $10,000, for claims by all insured persons combined insurance and for claims by all insured persons combined is $100,000.
Choice of Cover You may choose any one of the following combinations of cover:
- Trauma and death, disability and involuntary unemployment,
- Disability and involuntary unemployment,
- Trauma and death and disability,
- Disability only, or
- Trauma and death only
* Please note that we recommend and encourage all clients to read the Product Disclosure Statements of all insurance products prior to purchase this brochure is intended for informational purposes only. If you require further details about what may or may not be covered, please ask your consultant for further information.
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By Local News, July 27, 2010 @ 5:06 pm
Buying insurance is a great investment for me, how about you? And i still dont have any idea, where to find best insurance.
By fareki, July 28, 2010 @ 10:33 am
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