If you’ve purchased a new or used car with a secured loan, taking out car insurance is a necessity.
A car or auto insurance is a policy that is obtained by a vehicle’s owner to mitigate the expenses that are associated when one gets into a car accident. Rather than having to pay money out of your pocket, you can instead pay a premium every year to protect you in case this happens.
There are many reasons why you should get car insurance, such as:
You Save More – The fee that you have to pay for car insurance is minor compared to the damages you’ll be required to shoulder in case you don’t have one. The great thing about this is that it helps to protect not only you but also your family. There are many types of coverage that you can get so it’s important to look into each one to find the best for you.
Peace of Mind – This is perhaps one of the best reasons to get car insurance right now. Despite being a good driver, that still doesn’t stop others from making mistakes. With the right kind of insurance, you don’t have to worry too much about getting into an accident knowing that you’re protected.
Less Trouble – The consequences that come with a car accident can be tiresome and time-consuming. If you have coverage, you can skip the negotiation altogether and talk to your insurance provider directly for help.
Learn about car insurance breakdown cover.
Sickness and Accident Cover
Falling ill or being involved in a serious accident is never something we plan for. However, it could happen to you – are you and your family protected if so? If you are sick or hurt after an accident and unable to work, Yes Loans has access to Sickness and Accident Cover with reputable insurers.
Whatever job you’re doing right now, you and possibly others are depending on your wellbeing to pay for a lot of things. For many Australians, taking a huge time off of work caused by accidents, injuries or sicknesses can have a significant impact on them and their families.
With a sickness and accident insurance, you can ensure that you won’t remain helpless in having to pay for expenses when you’re not working. This will help keep your savings intact while you try to recover from your problems on hand.
Gap or Shortfall Insurance
GAP or Guaranteed Asset Protection is a type of insurance that protects its policyholder financially in case their car gets stolen, is involved in some sort of accident, is damaged by fire or is totally destroyed in a crash.
Planning for a terrible eventuality is not something we ever like to do. But what if your car was stolen and not recovered, or written off after a serious accident, would you be able to pay what’s still owed on it in full? Guaranteed Asset Protection (GAP) or Shortfall Insurance will cover the difference owed on your car loan once insurance has paid out subject to your policy conditions and level of cover.
An extended warranty is insurance that you get from a provider which becomes active after the original warranty period of a vehicle has expired. Normally, this can be purchased at any time as long as the factory warranty hasn’t run out.
Here are some reasons why you’d want to get one:
You Get to Keep It for a Longer Time – Extended warranties help drivers by giving them the coverage they need to maintain their vehicles for a longer period of time. It adds protection to you and the vehicle knowing that it is always checked for optimal conditions.
Save on Repairs – An extended warranty for your vehicle will help you avoid costly repair bills when needed. In the long run, you’ll be saving more than paying for its premium.
Several Options – It’s possible to shop for the right extended warranty for your vehicle as we at Yes Loans provide you with the choices that match your needs.
For more information on Extended Warranties.
What if things took a turn for the worst and you couldn’t pay off your car, personal or business loan? Have you planned for the horrible reality of being retrenched or taken ill and being unable to earn your normal monthly income? Consumer Credit Insurance or Loan Protection, which can help you cover the repayments on your behalf if you make an accepted claim.
Getting a loan protection insurance can be very useful during dire times. When in need, it is capable of helping policyholders by providing them with support in case of unemployment or disability. The insurance can assist in covering things such as monthly loan payments up to a certain, pre-determined amount.
Such policies are offered as short-term protection which can cover anywhere between 12 to 24 months depending on the provider. This policy can usually be invoked for people ages 18 to 65 who are still working when it was purchased.
The team at Yes Loans can help you find the best insurance we just need to know what you need.
Apply online now or call us on 08 9472 3000 to discuss your loan and finance options.
Say YES to peace of mind, say YES to complete coverage, Say YES to Yes Loans today.
**For all insurance, it is important that you consider the Product Disclosure Document from the product Issuer to ensure the policy is right for you**