Insurance Information

We have a range of insurance products that can be added to your loan and protect you from unforeseen events. We currently offer Credit Contract Indemnity, Guaranteed Asset Protection Insurance and Mechanical Breakdown Insurance. Our team can also assist with a quote for full Comprehensive Insurance for vehicles. 

Credit Contract Indemnity (CCI)

Have you or someone you know ever had an unexpected event like illness, an accident, or a redundancy, really muck up your financial situation?

While it's not a fun topic to discuss, these things can happen. Adding Credit Contract Indemnity or CCI to your loan provides peace of mind by covering your loan repayments if any of those events happen.

SUMMARY OF BENEFITS

CREDIT CONTRACT INDEMNITY POLICY

Guaranteed Asset Protection Insurance

Even great drivers who take all of the precautions can have things happen. Adding Guaranteed Asset Protection (GAP) insurance to your loan covers you in case your car is stolen or written off from an accident and the insurance payout is less than the finance you still owe.

For example, if you owe $15,000 on your car but the insurance value is $11,000, you will have a shortfall of $4,000 still to pay on your loan if your car is stolen or written off. GAP insurance will help you to pay this shortfall.

SUMMARY OF BENEFITS

GUARANTEED ASSET PROTECTION POLICY

Mechanical Breakdown Insurance

Most of us have been in the situation or known someone close to us in the situation where everything is going just to plan and then wham – the car has a breakdown. It always seems to be at the worst time too.

Adding Mechanical Breakdown Insurance to your loan protects you in case your car has an unforeseen mechanical breakdown. It covers a wide range of mechanical and electrical parts, and it helps cover many other costs that can come along with a mechanical breakdown, including parts and labour.

SUMMARY OF BENEFITS

MECHANICAL BREAKDOWN POLICY