Westralian Insurance Options

At Westralian Auto Finance not only can we help you organize a loan or finance, from a Car Loan to an Equipment Loan, we also offer a range of insurance policies. From protecting your purchase, to protecting your loan and safe guarding against a shortfall in the event that your purchase was to be written off or stolen, Westralian Auto Finance has got you covered!

Comprehensive Insurance

If your vehicle is accidentally damaged, stolen or destroyed by fire anywhere in Australia, the insurer (at their discretion) will:

• Repair your vehicle,
• Pay you the cost of repairing your vehicle, or
• Pay you the agreed value or market value of your vehicle.

Most policies will include additional comprehensive insurance benefits such as:

• Emergency repairs
• Emergency Expenses
• Faultless no claims bonus
• New Vehicle replacement
• Personal items
• Trailer cover
• Windscreen
• Hire vehicle reimbursement following your vehicle being stolen
• Towing and clean up costs

Loan Protection Insurance

You may have the earning capacity to borrow for luxury or personal items; however, no matter who you are or what you do, protecting yourself against the unexpected is always a wise investment.

Accidents and serious illness can occur without warning and at one time or another many of us will experience circumstances which will keep us out of work for prolonged periods. Often unexpected circumstances such as these can bring in their wake financial hardships. The bills keep coming in when the income doesn't.

Loan protection insurance is designed to meet your loan repayments (up to the maximum policy benefits) if you become sick, have an accident or become involuntarily unemployed, or a lump sum benefit is paid towards your loan in the event of your death.

Gap Insurance (Shortfall cover)

When you purchase a vehicle under finance or the vehicle is leased, you may not realize that due to depreciation, in the event of a total loss there will generally be a 'gap' between any payout received from your Comprehensive Motor Vehicle Insurance and the remaining balance owed to your financier.

Gap cover has been designed to protect you by paying the difference or 'gap' (up to the policy limit) and to assist you to finalise your loan contract with your financier. In addition, gap cover will pay on your behalf the extras as defined, up to the policy limit, to assist in purchasing a replacement vehicle.

The extras defined in the Gap Cover will come into effect in the event of a total loss and will also pay the following:

• On the road costs such as stamp duty, dealer delivery and registration paid by you in relation to the purchase of your replacement vehicle.
• Any comprehensive Motor Vehicle Insurance premium paid by you in relation to your replacement vehicle.
• Any Motor Vehicle Insurance excess paid by you in relation to your total loss vehicle.
• Private expenses up to $500.00.

Contact Us today and our experienced brokers will be happy to discuss these insurance options with you to ensure that you choose the right cover for your situation.