Understanding your Car Insurance cover
Important notice
Here’s a summary of key features of Westpac Car Insurance, provided by Allianz. It is not meant as a complete statement of the cover offered; exclusions, conditions and limits that may apply. For more details on what’s covered and what may not be covered, you should read the Product Disclosure Statement.
Product Disclosure Statement (PDS) (PDF 375KB)Product Disclosure Statement (PDS) (PDF 375KB)
Premium, Excess, Discount and Options Guide (PED) (PDF 81KB)Premium, Excess, Discount and Options Guide (PED) (PDF 81KB)
What’s covered?
Comprehensive Car Insurance offers extensive protection including accidental loss of, or damage to, your vehicle and coverage for damage caused to others' property. It can also offer protection from potential significant legal liability in case of an accident.
Refer to page 19-24 of the Product Disclosure Statement (PDS) (PDF 375KB)Refer to page 19-24 of the Product Disclosure Statement (PDS) (PDF 375KB)
Summary of features, options and exclusions |
Comprehensive |
Third Party |
|---|---|---|
Accidental loss of or damage to your vehicle |
||
New for old replacement – less than 2 years old |
||
| Child seat or baby capsule – $500 any one incident | ||
| Emergency repairs – $500 any one incident | ||
| Emergency accommodation and travelling expenses – $1000 any one incident | ||
| Lock Re-keying/Re-coding – $1000 any one incident | ||
| Personal items – $1000 any one incident | ||
| Rental car after theft – 30 days, $100 per day maximum | ||
| Temporary cover on replacement vehicle – 14 days | ||
| Towing Reasonable costs | ||
| Trailer and caravan cover – $1000 or market value whichever is the lesser any one claim | ||
| Transportation costs – $500 any one incident | ||
| Legal liability – $20,000,000 any one event or series of events | ||
| Substitute vehicle (liability) | ||
| Legal costs – All | ||
| Employer’s or principal’s liability | ||
| Supplementary bodily injury (liability) – $20,000,000 any one event or series of events | ||
| Uninsured motorists extension |
Additional benefits
Comprehensive Cover only
This is a summary of included additional benefits for an accepted claim for accidental loss of or accidental damage to your vehicle.
Any additional benefit payment will be on top of any amount payable for the loss of or damage to your vehicle.
Refer to page 19-24 of the Product Disclosure Statement (PDS) (PDF 375KB)Refer to page 19-24 of the Product Disclosure Statement (PDS) (PDF 375KB)
Optional cover
(at an extra cost)
Comprehensive Cover only
This is a summary of the optional cover you can choose to add to your Comprehensive Motor Insurance for an additional fee.
Refer to page 25-27 of the Product Disclosure Statement (PDS) (PDF 375KB)Refer to page 25-27 of the Product Disclosure Statement (PDS) (PDF 375KB)
Page 11-12 of the Premium, Excess, Discount and Options Guide (PED) (PDF 81KB)Page 11-12 of the Premium, Excess, Discount and Options Guide (PED) (PDF 81KB)
Excess and discounts
There are different types of excesses and discounts that can apply, and these are shown on your policy schedule. You may receive more than one discount and you may have to pay more than one excess.
Excess
An excess is the amount you may need to contribute at the time of a claim. You won’t have to pay an excess if you or the driver of your car wasn’t at fault, you have the name and contact details of the person who was, and the claimable loss is recoverable by Allianz. An excess may apply in all other circumstances.
The amount you contribute to a claim. You can change your basic excess within a set range, and this can impact your insurance premium.
Discounts
Comprehensive Car Insurance policyholders may be eligible for a number of discounts, however minimum premiums apply.3 The discounts are:
A safe driver discount of up to 15% may be applied to your policy. This discount is calculated based on our insurance history, driving history and the number of claims you have made. The maximum discount that can be received when you take out a new policy is 10%.
Discounts don’t apply to any optional extras you add to your policy and are applied prior to adding government charges, levies and GST to your premium.
Refer to page 6-7 of the Premium, Excess, Discount and Options Guide (PED) (PDF 81KB)Refer to page 6-7 of the Premium, Excess, Discount and Options Guide (PED) (PDF 81KB)
Things you should know
1Allianz will arrange a rental car of a similar size and type to your car after a covered collision. You'll get the rental car for a maximum of 30 days while Allianz either fixes your car, pays you the cost of repairs, or determines if your car is a total loss. If a rental car of a similar size and type (e.g. medium SUV) to your car is not available, Allianz will pay you a travel allowance of $50 a day for as long as they would have given you a rental car. See the Product Disclosure Statement (PDS) (PDF 375KB) for more details.
2If you choose your own repairer, Allianz may need a second quote from another repairer chosen by them to make sure the quote you've received is reasonable. Allianz may then authorise repairs, pay you reasonable repair costs or the car’s agreed value or replace your new car where policy conditions are met.
3If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means any subsequent discount will be applied to the reduced premium amount after applying any prior discounts and the effect of the subsequent discount will be reduced. For example, the aggregate effect of applying two 10% discounts consecutively means that you will not see the full benefit of both these discounts.
Discounts do not apply to taxes or government charges. Discounts do not apply to optional covers (if available and selected). Any discounts/entitlements may be subject to rounding and may only apply to the extent that any minimum premium is not reached
4If you choose to reduce your premium by naming drivers on your policy, an unnamed driver will incur a $2,500 excess (this replaces the basic and all other excesses where applicable). Minimum premiums may apply.
This information does not take into account your personal circumstances. Motor Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 (Allianz). Westpac Banking Corporation ABN 33 007 457 141 arranges the initial issue of the insurance under a distribution agreement with Allianz, but does not guarantee the insurance.
Before making a decision, please read the Product Disclosure Statement (PDS) (PDF 375KB) and the Premium, Excess, Discount and Options Guide (PED) (PDF 81KB) to see if this insurance is right for you.
If you take out Motor Insurance with Allianz the Bank will receive a commission of up to 12% of the premium, excluding Government fees and charges, plus GST.
A target market determination has been made for this product. Please visit www.westpac.com.au/tmd for the target market determination.
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