Loan Protection Insurance is designed to protect you against the risk of being unable to pay your loan installments as a result of death, trauma, accident, illness or unemployment. Allianz offer protection for these events in 5 categories:
- Death/Trauma Cover only
- Disability Cover only
- Death/Trauma and Disability Cover
- Disability and Involuntary Unemployment Cover
- Death/Trauma, Disability and Involuntary Unemployment Cover
Loan Protection is great to have because if you did happen to have an accident or become involuntary unemployed and you were unable to make your repayments, you would lose your credit rating. With Loan Protection, Allianz is able to pay the repayments for you and therefore protect your credit rating.
If you were unable to make your repayments due to death/trauma or disability, you will be covered for the balance of the loan agreement up to a maximum of $100,000. This policy gives you comfort that if something were to happen to you, your family will not have to come up with the money to pay for your vehicle.
Loan Protection gives you less stress and peace of mind that you and your family are being looked after.
For a quote for loan protection, contact Stephanie on 9724 8442 or email at email@example.com