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Škoda Equity Protection Insurance

Škoda Equity Protection Insurance† covers you for a shortfall, if during the period of insurance, the insured vehicle is declared a Total Loss by your comprehensive insurer. This is not comprehensive insurance and only applies if you hold comprehensive insurance with Škoda or another provider.

Benefits & Features

• Cover the shortfall or difference between your replacement vehicle and the Total Loss Payout within the first 36 months+

• Cover the shortfall between the balance owed on your finance contract and the total loss++

• Ability to claim up to $2,000 for Out of Pocket Expenses such as Incidentals and Personal Items through our Out of Pocket Expenses Benefit.+++

This list is not limited to and is a summary only. For the standard terms, conditions, limitations and exclusions of cover, please refer to the Product Disclosure statement and Policy Document (PDS)

 

† The insurer of this insurance product is Eric Insurance Limited ABN 18 009 129 793, Australian Financial Services Licence (AFSL) 238 279, PO Box 9106, Scoresby VIC 3179, phone 1800 999 977 (eric). In arranging this insurance, Volkswagen Financial Services Australia Pty Limited ABN 20 097 071 460, Australian Credit Licence 389344 of 24 Muir Road, Chullora NSW 2190 and its authorised dealers act on behalf of eric and not as your agent. Neither Volkswagen Financial Services Australia Pty Limited nor any of its related companies have any liability in respect of this insurance policy.

+ Cover is only applicable during the first 36 months of your period of insurance

++ Only applies where the vehicle is subject to a finance contract

+++ In the event of a Total loss settlement by your comprehensive vehicle insurer

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Disclaimers

 

Škoda Loan Protection Cover is issued by Allianz Australia Insurance Limited, AFS Licence No. 234708 ABN 15 000 122 850 (Allianz).

(1) Insurance products are underwritten by Allianz Australia Insurance Limited ABN 15 000 122 850, AFSL 234708 (Allianz) Škoda Financial Services, ABN 20 097 071 460, AR 246355 (SFS) and the authorised dealers act as an agent of Allianz and not as your agent. “Part 1 – Terminal Illness and Death cover” is underwritten by Allianz Australia Life Insurance Limited (Allianz Life) ABN 27 076 033 782, AFS Licence No. 296559. Allianz acts as Allianz Life’s agent in offering and administering the Part 1 – Terminal Illness and Death cover. “Part 2 – Disability cover” and “Part 3 – Involuntary Unemployment cover” of this insurance is underwritten by Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850, AFSL No. 234708. In arranging this SFS and the authorised dealers act as an agent of Allianz and not as your agent.

SFS is a trading name of Volkswagen Financial Services Australia Pty Limited ABN 20 097 071 460, Australian Credit Licence 389344 Locked Bag 4002, Chullora NSW 2190 www.vwfs.com.au and www.skoda.com.au

Any advice here does not take into account your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please consider the relevant Product Disclosure Statement (PDS)/Policy Wording, Supplementary PDS from the Škoda Australia website & PDS update (privacy notice).

† The insurer of this insurance product is Eric Insurance Limited ABN 18 009 129 793, Australian Financial Services Licence (AFSL) 238 279, PO Box 9106, Scoresby VIC 3179, phone 1800 999 977 (eric). In arranging this insurance, Volkswagen Financial Services Australia Pty Limited ABN 20 097 071 460, Australian Credit Licence 389344 of 24 Muir Road, Chullora NSW 2190 and its authorised dealers act on behalf of eric and not as your agent. Neither Volkswagen Financial Services Australia Pty Limited nor any of its related companies have any liability in respect of this insurance policy.

+ Cover is only applicable during the first 36 months of your period of insurance

++ Only applies where the vehicle is subject to a finance contract

+++ In the event of a Total loss settlement by your comprehensive vehicle insurer

^Subject to ongoing sickness, injury, illness or unemployment for up to 6 months

^^Only applies where the vehicle is subject to a finance contract. The Financier must agree to facilitate clear title in respect of the Vehicle before any claim payment for Handback under this Insurance cover is made.

± Where we elect to replace your tyres, no more than four tyres can be replaced during the period of insurance. There are no limits for Tyre Repair

±± We will pay up to $3,000 to repair or replace your Wheel(s) during the period of insurance. Škoda has a reputation for thinking differently — and our insurance is a little bit different too. 

 

The insurer of this Skoda Premier Motor Insurance is Allianz Australia Insurance Limited ABN 15 000 122 850, AFS Licence Number 234708. 10 Carrington Street, Sydney NSW 2000. In arranging this insurance Škoda Financial Services SFS ABN: 20 097 071 460 and the authorised dealers act on behalf of Allianz and not as your agent. Neither Škoda Financial Services SFS nor any of its related companies have any liability in respect of this policy.

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