Should you suffer an injury, become ill, lose your job or even die while paying off your vehicle, Holden Loan Protection Insurance will continue to the financial obligations* regarding your vehicle. In some circumstances, your loan maybe finalised, sparing your family any additional worry or stress.
We'll meet instalments for 120 days up to a maximum of $4,000 per claim. Maximum amount payable during entire period of insurance is $10,000.
If your vehicle is declared a total loss by your comprehensive insurer, you may find that your vehicle value is less than the amount required to settle the loan balance. This is called the loan shortfall. Our Motor Equity policy is designed to pay the shortfall between what your motor vehicle insurer pays (in case of total loss) and the amount still owing on the vehicle.
In addition to the basic coverage listed above if the insurer of your comprehensive motor vehicle insurance makes a total loss payment in respect of your vehicle and the event causing the loss occurred during the period of insurance of this policy, we?ll also pay the following costs associated with your total loss: excess paid, delivery charges, registration charges, comprehensive insurance premium, compulsory third party, stamp duty, up to 10 days car hire. We?ll cover up to the maximum amount listed on your cover ? a) $4,000 b) $4,000 c) $5,000 d) $5,000 e) $10,000
As part of our ongoing commitment to you, Holden Insurance offers a unique mix of standard features and policy options. This means that you can customise your policy to suit your needs and find a level of protection that suits you and your Holden.
When you purchase a new Holden and combine it with Holden Insurance, you'll enjoy the added security of '3 years new for old replacement'. This means that if your vehicle is written off or stolen and not recovered, we?ll replace it with the equivalent make, model and series* with no premium loading.