What types of car insurance can Maxxia arrange, and what do they cover?
Insurance General
With a fully-maintained lease, Maxxia can help to arrange your insurance at competitive rates. We offer the following insurance products:
Comprehensive Insurance
Comprehensive cover against loss or damage to your vehicle or someone else’s caused by accident, theft, malicious damage or fire.
Lease Protection Insurance
Cover for your lease payments and the running costs associated with paying out your lease, in the event you are made involuntarily redundant. You also have the option of handing the vehicle back and the policy will pay any gap between the payout under your finance contract and the sale price of the vehicle.
Total Loss Assist
In the event that your vehicle is declared a total loss by your comprehensive insurer, Total Loss Assist covers the difference between your comprehensive insurance payout and either the amount you originally paid for the vehicle or the amount needed to settled your finance contract – whatever is the greater.
Safeguard Ultimate Warranty
An extension of your Manufacturers’ Warranty subject to the terms and conditions of the policy. It is designed to cover unforeseen defects, failures and faults of a mechanical or electrical failure.
Residual Protection Cover
When your lease ends, if the Fair Sale Price of your vehicle ends up being less than the ATO discounted value, Residual Protection Cover will cover the difference between the two, up to the maximum cover of $20,000.
For more detail on the insurance products available, refer to our Factsheet and the Product Disclosure Statements.
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Maxxia may receive commissions in connection with its services. Maxxia does not act as your agent or representative (or provide you with any advice or recommendations) in respect of the purchase of any vehicle.