Insurance
Instant Finance also offers a range of insurances including payment protection insurance, underwritten by PROTECTA Insurance New Zealand Limited. All the policies we have available concern themselves with the practical side of life and will serve to further protect the repayment of your loans.
For your vehicle:
- Comprehensive vehicle insurance – ask our staff for the unbeatable Protecta promise Protecta will match or better any other insurers quote for comprehensive car insurance.
Choosing to buy a vehicle through our Easy Driver subsidiary means you will have access to our “Easy Drive Warranty”. Exclusive to Easy Driver, the Easy Drive Warranty takes the frustration out of coping with mechanical issues and gives you the confidence we all need with our purchases. Your vehicle is covered for a period of 12 months with unlimited kilometres when you decide to purchase the warranty.
Comprehensive Motor Vehicle Insurance
AutoProtect provides full comprehensive insurance for your vehicle or motorcycle, including cover for accident damage, fire and theft, third party and legal liability up to $100,000. There are also a number of other cover options available to reduce the cover.
Mechanical Breakdown Insurance
PROTECTA Insurance offers a range of different Mechanical Breakdown Insurance cover options. Instant Finance can offer you 4 types of breakdown cover: Pinnacle, Optimum, Maxi or Component plans, to allow you to select the one that is most suitable for your needs. This type of cover is used for any sudden and unforeseen mechanical breakdown subject to the terms and conditions and limits of liability stated in the chosen Policy. The maximum liability depends on the odometer reading and age of the vehicle at the time of purchase. This cover can also include the cost of towing, accommodation and a rental vehicle under certain circumstances. For full information regarding these types of cover please click here to visit the PROTECTA Insurance website.
For your piece of mind:
Payment Protection Insurance
What is PROTECTA Payment Protection Insurance and what does it cover?
Death Cover
In the event of your death the outstanding balance of your loan (excluding any arrears of more than 3 months) will be paid, leaving your family a debt free asset when they need it most.
Disablement Insurance Cover
If you are unfortunate enough to have an accident or illness which prevents you from working, Payment Protection Plan pays your finance installments (after a seven-day qualifying period), until you are able to return to work or your repayments are paid off in full, less arrears (excluding any residual payments) prior to your 70th birthday.
Terminal Illness Insurance Cover
In the event of being unable to work through any illness or accidental injury which is likely to result in your death within 6 months of the date on which the injury/illness was diagnosed, Payment Protection Plan pays off the repayments in full, less arrears.
Redundancy Cover
If you are made involuntarily redundant from your permanent employment, Payment Protection Plan will pay your repayments for 180 days (no amount payable for the first 28 days), up to $10,000 or until you find work, whichever comes first.
Bankruptcy Cover
If you are self employed and declared bankrupt by the New Zealand High Court, Payment Protection Plan will pay your repayments for 180 days (no amount payable for the first 28 days), up to $10,000 or until you find work, whichever comes first.
Our loan protection insurance products are optional but offer peace of mind around loan repayment in the event of unexpected circumstances.