Insurance
Insurance
Once your finance is approved you are only half way there, we have access to market leading products to make sure you are covered for the unforeseen. Whether its comprehensive insurance, loan protection insurance or shortfall insurance we can have you covered.
As part of our responsible lending practice, our business has a duty to ensure that you are offered all available options to protect against unforeseen events. Ask us about which Insurance packages could benefit you.
Before your finance is settled, the lender normally requires evidence of full comprehensive insurance.
Link Lending has access to Australia’s top insurance agencies and can offer assistance with affordable policies that have the best-in-market features and benefits.
Benefits may Include
- 24/7 claims service
- Pay by the month options
- New for old replacement
- Select the total amount of cover
- Include the value of accessories and modifications
- Choice of repairer
- Lifetime guarantee on repairs
- Unlimited car hire for accidents or theft
- Windscreen cover
- Multi-policy discounts
- Variable excess options
- Emergency assistance
- Two-wheel trailer cover
- Replacement of stolen keys
If your vehicle is settled as a total loss by your comprehensive insurer and that settlement is insufficient to pay out your finance contract, Shortfall Insurance may help you to pay the difference (Gap Benefit). It also covers some associated costs up to the policy limits.
Loan protection insurance provides assistance to meet your repayments to the credit provider in the event of a disability, accidental injury and involuntary unemployment. If you suffer a traumatic event or pass away, the policy will pay out the outstanding balance owing to the credit provider up to the maximum policy limit.
We can find the right Warranty Product to cover for a wide range of mechanical repairs. With plans from 1 year up to 5 years you’ll never have to worry. You can even get money back for out-of-pocket expenses such as towing fees!
Excess
This is the amount you have agreed to pay upfront if you decide to make a claim against the insurance policy. It is only required to be paid if you decide to claim assistance for payment of repairs. No matter the total payment for repair the excess is the cost you are required to pay before repair begins. This amount can change based on your age, driver rating and the cost of your yearly policy total.
Excess
It is a value agreed upon and discussed between the customer and the insurer to determine a fair price for the vehicle should a total loss be suffered. This value is based on the cost of your policy, you car details and the appropriateness of the total amount.
Market Value
It is a value determined by automobile markets. There are industry standards for vehicles based on their make, model, age and condition. The insurer researches these factors and determines the end market value for the vehicle.
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