Novated Lease Protection

What Is Novated Lease Protection Insurance

This is a consumer credit insurance and the purpose of this insurance is to pay (up to the maximum policy benefits for the cover provided):

• the remaining balance due under your novated lease agreement if you should die (this is death cover),
• the difference between the remaining balance due under your novated lease agreement and the fair sale price of your vehicle if you become involuntarily unemployed and you choose to sell your vehicle or hand it back to your financier, or part of your novated lease repayments if you become involuntarily unemployed and choose to keep your vehicle (this is called involuntary unemployment cover),
• the remaining balance due under your novated lease agreement where the total loss payment made by the insurer of your comprehensive motor vehicle insurance is insufficient to pay out your lease (this is called motor equity cover).

Novated Lease Protection Insurance Quote

If you are interested in obtaining an Novated Lease Protection Insurance quote, you can talk directly to your finance consultant or call our sales number on 1300 554 553.

Platinum Direct Finance Australia Pty Ltd ABN 29 117 660 938 AR number 300880 arranges insurance as an authorised representative of the insurer Allianz Australia Insurance Limited ABN 15000 122 850 AFSL 234708 of Level 12, 2 Market Street, Sydney NSW 2000.

We do not provide any advice in relation to this insurance or have given any consideration to your objectives, financial situations or needs. Before making a decision about it please refer to the Product Disclosure Statement available from our website.

If you purchase this insurance we will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with any services on this product.