What is Car Insurance - Save on Car Loan

Posted by & filed under Car Finance.

What is Insurance?

Comprehensive Car Insurance covers your car for accidental loss or damage, fire and theft. It also covers your liability for loss or damage that your car causes to someone else’s property. It is one of the highest levels of protection you can get for your car which also allows you to claim from your Insurer for accidents that are deemed to be your fault. It also applies when fault cannot be proven such if a car hits you and drives off without leaving their details. This product gives you an added level of protection and peace of mind that you won’t have to pay for expensive repairs.

Features & Benefits:
– 7 day repair guarantee (conditions apply),
– Lifetime guarantee on repairs we authorise and arrange,
– Accidental damage to other people’s property,
– Personal property,
– Hire car after theft for up to 14 days,
– Flood, hail and storm damage,
– 24/7 claims service
– Cover for fire and theft,
– Damaged caused in an accident or collision,
– Malicious acts or vandalism,
– Transport cover.

Comprehensive Advantages Extras:
– Windscreen and window glass damage (1 excess free claim),
– Hire car after an even for unlimited days,
– Lifetime new for old car replacement.

Gap Insurance:

If Your Vehicle is declared a Total Loss by your Comprehensive Insurer, it is possible that the Total Loss Payout paid by your Insurer to your financier, will be less than the amount still owing on your finance contract. The difference between the amount owing on your finance contract and the amount of the Total Loss Payout is called a shortfall or Guaranteed Asset Protection (GAP). Subject to the terms, conditions and exclusions of this Policy, we will pay up to the shortfall amount shown under the cover option you have selected to your financier. This cover can provide you with peace of mind for the life of the car loan, it is a once off payment included in the Loan or you may wish to set up a pay by month payment plan up to 24 months.

Loan Protection:

Loan Protection ( LP ) helps protect you from the unexpected by offering a range of options that can cover life cover, trauma, disability cover and involuntary unemployment cover. This insurance can pay your repayments for you for the entire length of the Loan. This policy is taken out at the time of purchase and will cover you for the term of the Loan which will give you and your family peace of mind knowing that is something is to happen, you are fully covered.

Vehicle Return Protection:

A new car is an exciting time – but sometimes an unexpected life event can turn that vehicle into a financial burden through no fault of your own.
Vehicle Return Protection allows you to return your vehicle and be free from negative equity up to $25,000 should any of the following life changing circumstances arise:
– Redundancy,
– Physical disability,
– Driving restrictive medical condition,
– International job transfer,
– Self-employed bankruptcy,
– Mental disability ,
– Critical illness.

Vehicle Warranty:

Sometimes called Mechanical Breakdown Cover, this product safeguards you in case of faults or breakdowns of your vehicle. This product can be very beneficial to you if your car breaks down as repair, parts and labour can be very expensive – all of these are covered in our Warranty. You may wish to Finance a Warranty on a new car after the Dealer one has finished or a used car for a period of 5 years.
You may like to consider a mechanical Warranty for any used car, bike ,boat or caravan even if it is purchased through a Car dealer with our Warranty starting after the dealer one ceases. If you buy a car privately and the car has no Warranty, we can Finance one for 3-5 years which will give you excellent cover and peace of mind knowing if car breaks down you are covered.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>