When you are out on the road – testing your newly purchased car or touring the country together with your family – you want to have that peace of mind that, if the unexpected happens, you have got it all covered. Finance Motors understands your concerns and therefore offers a wide range of insurance products to protect you and your dear ones.
Types of insurance
We believe in keeping you safe, that is why we treat it as our no. 1 priority. Before opting out for a type of insurance for your vehicle, we advise you to make your own list of priorities and carefully read it through. This way, you will be confident that your insurance could even apply to the worst case scenario.
Comprehensive car insurance
Comprehensive car insurance is the type of insurance that will cover damage to your vehicle – whether it is crashed, burnt or involved in other kind of accident – theft or loss of your vehicle or property, as well as any damage to other people’s property involved in the accident. Therefore, through the comprehensive insurance, you will have your vehicle repaired, receive the amount necessary for the repair or be paid with the Amount Covered.
- Emergency travel funds
- Essential repairs cover
- Car hire after theft
- Keys, locks or new vehicle replacement
- Personal property payment
- Funeral benefit
This type of insurance protects you in case of breakdowns of both new and/or used vehicles. Often called “Extended warranty”, it features many options you can choose from, starting from basic (3 stars) to premium warranty (5 stars) service.
- Mechanical and electrical breakdowns cover (engine, breaks, air conditioner, etc.)
- Car Hire
- Emergency Accommodation
- Total Loss Expenses
- Locksmith Service
Loan Termination insurance (LTI)
Sometimes, due to unwanted life events such as an accident or illness, your financial situation can be significantly affected. This is when an LTI, also known as a Consumer Credit Insurance (CCI) – can be a helping hand with the loan repayments owed to your dealer.
Benefits:(when you hand back your vehicle to the dealer)
- Accidental death
- Driving restrictive medical condition
- Disability or involuntary unemployment (applied when you retain the vehicle)
GAP Cover (Guaranteed Asset Protection Insurance)
In case your vehicle is stolen and not recovered or damaged beyond repair, you may still owe some money to your financier even after the comprehensive insurer paid the agreed value. Finance Motors can assist you with covering the GAP, also known as “shortfall”, while potentially paying for any incidental expenses occurred along the way.
- Term of loan coverage (up to 84 months)
- Additional money benefit
- Cooling-off period (you can opt-out within 21 days, getting a full-refund on cancellation)
- and many more
Rest assured that you are insured
No matter what type of insurance you choose, be confident you are on good hands and we will make our best to have you and your family protected 24 Hours, 7 Days a week.