At beCarWise we have you covered!

From comprehensive insurance to extended warranties and everything in between, we will walk you through all of your insurance options to find the perfect coverage for you.

Comprehensive

Not all comprehensive insurance products and providers are the same.

beCarWise has assembled a range of comprehensive insurance products and providers to give you choice.

We can arrange comprehensive insurance for your car with benefits such as:

  • Lifetime new for old replacement
  • Choice of repairer
  • Pay by the month
  • Personal effects cover
  • Windscreen cover
  • Included hire car
  • Agreed or market value coverage

 

Extended Warranty

Your car is a significant investment and protecting that investment is important.  beCarWise has access to multiple providers of extended warranty products for new and used cars that are cost effective and provide coverage for your car after the manufacturer warranty has expired.

What can be covered?

Each insurance providers extended warranty coverage is different but broadly policies cover mechanical and electrical items such as:

  • Engine, fuel and cooling systems
  • Brakes
  • Electrical systems
  • Steering
  • Transmission
  • Air-conditioning
  • And more
     

GAP / Motor Equity

GAP or Motor Equity insurance provides coverage against a shortfall that may occur in the event that your car is determined to be a total write-off (through damage or theft) and your comprehensive insurance payout does not cover the loan balance outstanding. 

What are the Benefits of GAP / Motor Equity Insurance?

It provides for peace of mind when financing a car and may have the following benefits (#):

  • The premium can be included in the finance or paid monthly
  • Coverage for the term of the finance up to 5 years
  • Coverage of up to $40,000
  • Additional benefit coverage of up to $6,000
  • Added protection for your credit rating

     
Redundancy Protection

There are various type of insurances to provide coverage for you in the event of involuntary unemployment.  Such policies do not cover you for voluntary redundancy.

The three main types of involuntary unemployment cover include:

  • Consumer Credit Insurance
  • Business Credit Insurance
  • Lease Protection Insurance

Consumer Credit Insurance (CCI)

Consumer Credit Insurance protects you against the risk of being unable to meet your loan repayments as a result of death, trauma, disability or involuntary unemployment, subject to any maximum payouts stipulated in your finance contract.  The level of cover you choose will determine the cost of the premium which can be included into the financing of your car.

Business Credit Insurance (BCI)

Business Credit Insurance is similar to CCI but applies to finance products where the predominate purpose of the finance is for business purposes (e.g. a Chattel Mortgage or Finance Lease).

Lease Protection Insurance

Lease Protection Insurance is designed to provide cover for a  motor vehicle novated lease in the event of the death or involuntary unemployment.  Just like CCI and BCI policies the cost of the premium can be included in the novated lease financing.

# Exclusions and maximum claim limits may apply. Before making a decision in relation to any insurance product please refer to the Product Disclosure Statement.

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