Defence Bank's Motor Vehicle Insurance policies give you the freedom to choose the best cover to suit your needs.
Cover for loss or damage to your vehicle, and your legal liability for loss or damage to another person's vehicle or property.
Cover for loss or damage to your vehicle by fire or theft only, and your legal liability for loss or damage to another person's vehicle or property.
Cover for your legal liability for loss or damage to another person's vehicle or property.
We've developed three Motor Vehicle Insurance policies for you to choose from, based on how you use your car.
The Motor Vehicle Insurance Policy is the most flexible policy, available under all levels of cover.
The Nominated Driver Motor Vehicle Insurance Policy is available under all levels of cover and designates that your car can be driven by no more than two nominated drivers who are 25 years of age or over.
Nominated Driver Low Kilometre Motor Vehicle Insurance Policy designates that your car will be driven by no more than two nominated drivers who are 25 years of age or over, and will not be driven more than 10,000 kilometres during your period of insurance. This policy is only available with Comprehensive cover.
The table below shows the three policies and the level of cover available for each.
|Policies||Comprehensive||Third Party Fire & Theft||Third Party Property Damage|
|Motor Vehicle Insurance|
|Nominated Driver Motor Vehicle Insurance|
|Nominated Driver Low Kilometre Motor Vehicle Insurance|
* Any discounts received only apply for the first 12 months of the policy.
Insurance products are sold by Defence Bank Limited ABN 57 087 651 385 AFSL/Australian Credit Licence 234582 and are issued by CGU Insurance Limited ABN 27 004 478 371 AFSL 238291. In arranging this insurance, Defence Bank acts under its own AFSL and under an agreement with the insurer, CGU Insurance. This is general advice only and does not take into account your personal circumstances. The relevant Product Disclosure Statement (PDS) and your personal circumstances should be considered when making a decision to acquire the insurance product(s).
The PDS for the relevant product is available at any Defence Bank branch or view it here.
We receive a commission for insurance product sales. Details of the commission we receive can be found in our Financial Services Guide (FSG).