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