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Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed.

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Presentation on theme: "Gap Cover Insurance [MEI]. Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed."— Presentation transcript:

1 Gap Cover Insurance [MEI]

2 Pays your Financier any outstanding balance on your Loan contract. This would come into effect where your vehicle is deemed a Total Loss and your comprehensive insurer would not cover the balance left owing on your loan. (Subject to the policy limit excluding certain amounts such as arrears) Gap Cover Insurance [MEI]

3 PURCHASE PRICE Inclusive of Stamp Duty, CTP, Rego, Dealer Delivery and Aftermarket ESTABLISHMENT Fees, Charges, Finance Products and Minus Equity TOTAL CREDIT

4 Gap Cover Insurance [MEI] GAP COVER ALSO WILL PAY! Any excess paid under the comprehensive motor vehicle insurance; comprehensive motor vehicle insurance premium; dealer delivery charges; registration costs; compulsory third party insurance ; stamp duty; up to 10 days car hire.

5 Gap Cover Insurance [MEI] EXTRA’S COVER MOTOR VEHICLE INSURANCE Excesses Paid Replacement Premium ON ROADS COSTS Delivery Charges Registration Costs Stamp Duty CTP

6 CAR HIRE 10 days Up to $70/day MOTOR VEHICLE INSURANCE Excesses Paid Replacement Premium ON ROADS COSTS Delivery Charges Registration Costs Stamp Duty CTP Gap Cover Insurance [MEI] EXTRA’S COVER

7 Gap Cover Insurance [MEI] WHO NEEDS THIS PRODUCT One of the automotive industries largest insurers reports: 8 GAP CLAIMS are processed each day 56 GAP CLAIMS are processed each week 2920 GAP CLAIMS are processed each year

8 Gap Cover Insurance [MEI] ASK YOUR BUSINESS MANAGER FOR MORE INFORMATION! This is General Advise only and does not take into account your individual objectives, financial situation or needs. Before using this advice to decide whether to purchase this insurance policy, you should consider the appropriateness of it having regard to your personal circumstances, plus obtain and consider the current Product Disclosure Statement for the insurance policy.


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