gap cover insurance [mei]. pays your financier any outstanding balance on your loan contract. this...

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Gap Cover Insurance [MEI]

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Page 1: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

Gap Cover Insurance [MEI]

Page 2: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed a Total Loss and your comprehensive insurer would not cover the balance left owing on your loan.

(Subject to the policy limit excluding certain amounts such as arrears)

Gap Cover Insurance [MEI]

Page 3: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

Gap Cover Insurance [MEI]

PURCHASE PRICEInclusive of Stamp Duty, CTP, Rego, Dealer Deliveryand Aftermarket

ESTABLISHMENTFees, Charges, Finance Products and Minus Equity

TOTAL CREDIT

Page 4: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

Gap Cover Insurance [MEI]

GAP COVER ALSO WILL PAY!

Any excess paid under the comprehensive motor vehicle insurance; comprehensive motor vehicle insurance premium; dealer delivery charges; registration costs; compulsory third party insurance ; stamp duty; up to 10 days car hire.

Page 5: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

Gap Cover Insurance [MEI]EXTRA’S COVER

MOTOR VEHICLE INSURANCE•Excesses Paid •Replacement Premium

ON ROADS COSTS•Delivery Charges•Registration Costs•Stamp Duty•CTP

Page 6: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

CAR HIRE•10 days•Up to $70/day

MOTOR VEHICLE INSURANCE•Excesses Paid •Replacement Premium

ON ROADS COSTS•Delivery Charges•Registration Costs•Stamp Duty•CTP

Gap Cover Insurance [MEI]EXTRA’S COVER

Page 7: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

Gap Cover Insurance [MEI]WHO NEEDS THIS PRODUCT

One of the automotive industries largest insurers reports:

8 GAP CLAIMS are processed each day

56 GAP CLAIMS are processed each week

2920 GAP CLAIMS are processed each year

Page 8: Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed

Gap Cover Insurance [MEI]ASK YOUR BUSINESS MANAGER FOR MORE INFORMATION!

This is General Advise only and does not take into account your individual objectives, financial situation or needs. Before using this advice to decide whether to purchase this insurance policy, you should consider the appropriateness of it having regard to your personal circumstances, plus obtain and consider the current Product Disclosure Statement for the insurance policy.