With a fully-maintained lease, RemServ can help to arrange your insurance at competitive rates, including comprehensive, third party car insurance, warranty, Total Loss Assist and lease protection. Alternatively, you can choose your own provider.
Total Loss Assist and Lease Protection are important insurances to consider when you are under a novated lease arrangement.
Total Loss Assist cover
In the event that your car is stolen or written off due to an accident or natural causes (flood, hail etc.), Gap Insurance covers the shortfall between the write-off amount and the lease payout. The premium can be spread over the term of the lease and added to the amount financed.
In the event of accidental death or involuntary unemployment, Lease Protection covers the difference between any shortfall on the sale price of the car and any remaining balance due on the lease. Furthermore, if you are made redundant, the insurer will pay your lease repayments and running costs for up to six months – and if you cannot find new work after the sixth month, we’ll help you sell the car and the insurance will cover the shortfall on the payout amount. The premium can be spread over the term of the lease and added to the amount financed.