Insurance
Insurance Products we offer:
We understand that your vehicle is a hard-earned asset that must be duly protected. Therefore, in addition to a wide variety of financing services, we also offer our valued customers comprehensive insurance solutions. These include:
Comprehensive
Comprehensive insurance is a form of automobile insurance that covers any damages to your car other than those caused by a collision. This form of insurance covers your vehicle in case of damages caused due to a wide range of factors, from a break-in to run-in with an animal, vandalism, theft or being buried under a crumbling garage. Our comprehensive car insurance covers extensive ground in terms of protection, and is available at fairly low deductibles and premium.
Guaranteed asset Protection (GAP)
The GAP insurance serves as a supplementary insurance cover on vehicles and is calculated on the basis of the difference between the current cash value of the vehicle and the outstanding amount owed on its financing. We strongly recommend GAP insurance for vehicles that have been written off.
Warranty Insurance
Warranty insurance is meant to cover expenses linked to replacement or repair of items or parts covered in the insurance. Our warranty insurance ensures that you never have to worry about losses if your vehicle or equipment malfunctions or breaks down. We will foot the bill for replacing or repairing the item, as per the terms of the insurance policy.
Extended Warranty
Your vehicle is more prone to break down as it ages, owing to the inevitable wear and tear. By then, however, the warranty insurance cover – which is usually valid for a defined period of time – has lapsed. To make sure you don’t have to bear the financial brunt of repairs and
Replacements, we offer our customers the option to sign up for extended warranty insurance. An extended warranty is a type of insurance cover that covers cost of repairs and replacements after the warranty insurance offered by the manufacturer or dealer has lapsed.
Loan Termination Insurance (LTI)
Loan termination insurance is specifically designed for those dealing with certain inevitable financial obligations, as it offers assistance to users in case they are compelled to terminate an ongoing loan. LTI is typically applicable in the following scenarios:
- Involuntary unemployment
- Disability
- Critical illness
- Personal bankruptcy
- Divorce
- International job transfer
- Trauma
In case you are forced to return a vehicle owing to non-payment of loan installment due to any of these reasons, the LTI protection will act as a buffer between the current market value of the vehicle and the outstanding amount due to the lender.
The LTI offered by Financing & Co gives you a three-way protection that can cover up a difference of up to approx. $ 12,500 in the event of termination of an outstanding loan. This can be a huge saver if you are already dealing with a challenging situation such as unemployment or disability.
Tyre and Rim Insurance
Warranty is an assurance given by one party to We also have a dedicated insurance policy to cover the repair and replacement of your tyres and rims.
For Tyres – We foot the cost of repairing a tyre that has been punctured or damaged due to kerbs, nails, blowouts, potholes, or road debris. In case the tyre has been damaged beyond repair, we pay up to $350 for replacement.
For Rims – We also foot the complete or parital cost of rims that become road unworthy.