INSURANCE
Lexus Insurance provides peace of mind covering physical, financial and other inconveniences.
As Lexus drivers have different
needs, we have created a range of insurance protection products that cover a range of unexpected events.
Comprehensive Motor Vehicle Insurance 1
With a Lexus Insurance Comprehensive Motor Vehicle Insurance policy, you have the comfort of knowing that if your Lexus is stolen or damaged beyond repair within its original new vehicle warranty period, and has travelled less than 100,000 km since first registration, it will be replaced with a new Lexus.
This policy also gives you:
- vehicle hire to a maximum of $75 per day for up to 14 days if your vehicle is stolen
- up to $500 for emergency trip continuation expenses
- up to $500 for emergency repairs costs
- protection of your "no claim bonus" if you are not at fault
- a "no fault excess benefit" with no excess payable if you are deemed to be not at fault and you have provided us with full details of the other party
- protection of your legal liability and help with legal costs for damage to other people's property up to $20,000,000.
- cover for your personal items in the vehicle up to $1000
- cover for baby seats and capsules in the vehicle up to $500
-
windscreen cover - up to 2 windscreen claims with no payment of
excess or loss of no claim bonus in any 12 month period
(conditions apply)
Finance Gap Insurance 1
Finance Gap Insurance helps protect you from financial loss and personal inconvenience if your vehicle is stolen or damaged beyond repair.
Depending on the cover option, it provides you with up to $30,000
for the "gap" between the total loss payout for the vehicle
and the outstanding balance of your vehicle finance contract.
It also provides up to $4,000 (depending on the cover chosen) for
additional expenses associated with your purchase of a
replacement vehicle.
A simple one-off premium can be included in the total amount being financed to protect you for the duration of your finance contract.
Cover Options
Outstanding loan balance (this excludes any policy excess you may have had to pay your comprehensive insurer):
- Option 1: Up to $30,000
- Option 2: Up to $15,000
- Option 3: Up to $10,000
- Option 4: Up to $10,000
Out-of-pocket expenses to cover additional costs that you are likely to incur. These could include on-road costs, government charges, perhaps even medical expenses:
- Option 1: Up to $4,000
- Option 2: Up to $4,000
- Option 3: Up to $2,000
- Option 4: Up to $1,000
Payment Protection Insurance 2
If you are disabled and unable to work due to illness or injury, Lexus can help you minimise any adverse financial effects. Lexus Insurance has devised a Payment Protection Insurance solution which looks after you, your family and your lifestyle.
It can help you:
- make vehicle repayments
- keep your vehicle
- reduce financial burden
- protect your credit rating
Payment Protection Insurance also assists with making vehicle repayments should you become involuntarily unemployed. Payment Protection Insurance also incorporates an option to provide your family with additional peace of mind in the event of unforeseen death.
Payment Protection Insurance - Personal
You have the reassurance of knowing your vehicle finance payments will be made in the event of death, disablement or involuntary unemployment.
In the event of death, if you selected the death cover option, Payment Protection Insurance will, subject to other claims on the policy, pay out your entire vehicle finance agreement up to a maximum of $100,000.
Select the insurance protection best suited to your circumstances from the following four cover options:
- Option 1: Loan Payout Insurance - Death
- Option 2: Payment Protection Insurance - Injury & Illness
- Option 3: Payment Protection Insurance - Involuntary Unemployment3
- Option 4: You may choose a combination of or all of the above insurances
Payment Protection Insurance - Business
Payment Protection Insurance is available on both consumer and commercial use finance contracts which means business customers can also benefit from this cover.Footnotes
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1. Terms and conditions apply. Before making a decision about the Lexus Insurance Comprehensive Motor Vehicle policy please read the Product Disclosure Statement (PDS) available from your participating Lexus Dealer. Lexus Insurance is a division of Aioi Nissay Dowa Insurance Co., Ltd. ABN 39 096 302 466, AFSL Number 254489 (Andia). The Insurer is Andia.
- 2. Terms and conditions apply. Before making a decision about the Lexus Insurance Payment Protection policy please read to the Product Disclosure Statement (PDS) available at your participating Lexus Dealer. Lexus Insurance is a division of Aioi Nissay Dowa Insurance Co., Ltd. ABN 39 096 302 466, AFSL Number 254489 (Andia). Andia is the Insurer of the Injury and Illness, and Involuntary Unemployment covers provided by the policy. QBE Life (Australia) Limited ABN 83 089 981 073, AFSL Number 245492, is the Insurer of the Life cover provided by the policy. Andia acts under its own Financial Services Licence and under agreement with QBE Life (Australia) Limited when providing financial services on behalf of QBE Life (Australia) Limited concerning Life cover.
- 3. Cannot be purchased without Illness and Injury cover option.