Honda Insurance Brisbane Northside

Honda Insurances Overview

Insurance Equity Plus Insurance Gap Cover

If your comprehensively insured vehicle is declared a total loss as a result of accident or theft, you may find that the payout from your comprehensive insurer (when your claim is accepted) is less than what you owe your credit provider for your Honda.

Equity Plus Insurance (EPI), commonly referred to as GAP Cover Insurance, is a policy that will help you avoid having to pay a shortfall between what you are paid by the comprehensive insurer and what you owe to your credit provider.

Depending on the level of cover, the policy may pay for a range of expenses associated with the replacement of your Honda.

A 'No Gap Benefit' is payable if there is no gap in the amount owed to the financier and the amount settled by the comprehensive insurer.

Example:

A 27 year old Company Manager (Claim No), had a loan payout amount of $17,100 and the Insurer settled only $10,800; a gap of $6,300.

Cash Benefit Insurance

If your comprehensively insured vehicle is declared a total loss as a result of accident or theft, you may find that the payout from your comprehensive insurer (when your claim is accepted) will not cover all costs incurred in replacing your Honda.

Similar in concept to Equity Plus Insurance, Cash Benefit Insurance may help you avoid having to pay any shortfall between what your comprehensive insurer pays out and what you may require to adequately replace your Honda.

Consumer Credit Insurance

Consumer Credit Insurance (CCI) is designed to assist you in meeting your finance contract repayments in the event of specific changes to your personal circumstances. It can assist you in meeting your repayments in the event of changes to your health or employment status or as a result of your death.

Cover provided: Involuntary Unemployment; Disablement; Trauma & Death Cover. These options are available as a complete package or in a number of specific options so you can choose which one best meets your individual requirements.

Example One:

A 46 year old Business Development Manager (Claim 1616) who became involuntary unemployed due to company restructuring. Total payment of $1,500.00 was made over three months.

Example Two:

A 29 year old Plasterer (Claim 3171) was injured in a not at fault motor vehicle accident and was not able to work for 18 months. Balance of loan paid out totaling $16,058.16

Example Three:

A 39 year old Florist (Claim 2202) suffered a spinal cord tumor and was permanently disabled. Balance of loan paid out totaling $19,188.44

Comprehensive Motor Vehicle Insurance

Comprehensive Motor Vehicle Insurance covers you for loss or damage to your Honda caused by an event in the period of insurance. It includes the total loss or damage to your vehicle caused by another party, whether they are insured or not.

As an agent for Honda Insurance, in some circumstances we can even apply an agents discount!

Also, often it is possible to include the first year of comprehensive Insurance in your finance repayments

Major Honda Insurance features include:

  • Lifetime guarantee of authorized repairs
  • Australia wide claims service
  • Monthly payment option
  • New vehicle after total loss for first 3 years / unlimited Kms if first registered owner
  • Use only manufacturer's approved parts if vehicle is less than 5 years old

Disclaimer:Torque Honda arranges insurance as agent of the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708. We do not provide advice on this insurance based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision about insurance please consider the Product Disclosure Statement available from us. If you buy insurance from us we may receive a commission which is a percentage of the premium. Ask us for more details before we provide our services.

The material contained on this site is provided for general information only and does not constitute any form of advice. Torque Honda assumes no responsibility for the accuracy of any particular statement and accepts no liability for any loss or damage which may arise from reliance on the information contained on this site.

You should always seek advice of an independent financial advisor or your accountant for the most suitable finance product for your situation.

Sales Department

1658 Anzac Avenue,
North Lakes QLD 4509

07 3384 5700
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