Any vehicle being financed through a secured loan must generally hold 12 months Comprehensive Insurance as required by the credit provider. Comprehensive Insurance provides cover for loss or damage to the vehicle or vehicles involved in the event of an incident.
At the time of an incident, the insurer may pay either an agreed value or the market value of the vehicle, or simply covering the cost of repairs. Comprehensive Insurance covers you in the case of accidental or malicious damage, fire, theft, storm, hail, flooding, and some insurers will include extra benefits such as towing and replacement vehicle. Every insurer has their own guidelines and PDS documents. We can assist in arranging your comprehensive insurance and this can usually be included with your loan repayment for peace of mind* Enquire Now!