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There is a wide range of insurance products to protect you, your family and your asset. Underwritten by some of the worlds biggest companies, you can feel confident and at ease in those times of need.
COMPREHENSIVE CAR INSURANCE
This covers the loss of or damage to your vehicle caused by an event in the period of insurance. It includes loss or damage to your vehicle caused by another party, whether they are insured or not. It also includes the cover provided by Third Party Property damage. On top of that, if you have the maximum no claim bonus, you can protect this rating by choosing to pay an additional premium. Even if you make an “at fault” claim for an event in the period of insurance, you will NOT lose your top rating.
GAP INSURANCE
Also known as shortfall insurance, this is another popular and relatively cheap form of valuable cover. If your vehicle is declared a total loss by your comprehensive Motor Insurer, it is possible that the total loss payout to your financier will be less than the amount still owing on your finance contract. This difference is called the shortfall amount, or gap.
Gap Insurance could save you thousands. Cover is provided for the gap of up to $10,000.
If your car was written off and the finance contract payout figure was $ 27 500, but your insurance payout was less, for example, $ 22 500. In this example, gap insurance would pay your financier the $ 5000 difference.
In addition to the shortfall amount, there’s an option of extra cover for any additional costs due to the inconvenience of the total loss, such as registration, & insurance costs for the replacement vehicle.
Only one premium is payable and you are covered for the term of the loan (up to five years).
LOAN PROTECTION INSURANCE
This cover will pay your loan repayments if you cannot work due to sickness, injury or disease or if you become involuntarily unemployed. It will even pay your outstanding balance up to the policy limit should you die. Cover is available for single or joint applicants. The premium can be financed into the loan contract and is usually only a few extra dollars per week. Only one premium is payable, which covers the term of the loan (up to five years).
WARRANTY
This insurance safeguards you in case of faults or breakdowns giving you added security and peace of mind. It will cover the major mechanical and electrical items of your car for up to 3 years with no limit to the number of kilometres travelled & no limit to the number of claims made. The warranty covers the cost of repairs, parts & labour with no excess when claiming. You must still pay for normal wear & tear items like new tyres, light bulbs, & spark plugs etc when required, but this warranty will cover all those unplanned & unexpected mechanical failures.
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