When you finance the purchase of your new or used motor vehicle, bike, boat, or caravan, the loan contract or lease usually requires comprehensive insurance for the term of the loan. This insurance must be secured before delivery by transferring your current insurance or arranging new cover. Don’t worry if this all sounds stressful – our friendly team at Bendigo Leasing and Finance Pty Ltd can help you every step of the way. Bendigo Leasing and Finance Pty Ltd can provide a competitive quote from any one of the numerous insurers listed in our database.
Comprehensive insurance generally covers you for accidents, fire and theft as well as any third party damage you may be legally liable to pay. You should read the Product Disclosure Statement (PDS) for the product you intend to purchase to ensure you understand exactly what is covered, the benefits for each level of cover, and what the limits and exclusions will be.