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|
Insurance issued by Insurance Australia Limited ABN 11 000 016 772 AFSL 227681 trading as CGU Insurance. In arranging this insurance Defence Bank Limited (Defence Bank) acts under its own AFSL and under an agreement with the insurer. Defence Bank receives commission when selling CGU insurance products. Please refer to Defence Bank’s Financial Services Guide (FSG) for details of these commissions. The relevant Product Disclosure Statement (PDS) should be referred to when making a decision to acquire any insurance product. The FSG and relevant PDS is available by calling 1800 033 139 or visiting any Defence Bank Branch. The information contained in this brochure is general advice only as it has not taken into account you financial situation, objectives or needs. Defence Bank Limited ABN 57 087 651 385 AFSL/Australian Credit Licence 234582.
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).