Yes, Lease Protection Insurance covers you in the event you are made involuntarily redundant as long as you meet eligibility criteria.
Yes, Lease Protection Insurance covers you in the event you are sick or injured as long as long as you meet eligibility criteria.
Lease Protection Insurance can only be claimed in the event you are made involuntarily redundant, sick or injured. It does not cover you for loss of income. If you are unable to meet payment obligations, speak to your Novated Account Manager about your options.
No. Lease Protection Insurance cannot be claimed as you are still employed during a stand down period.
A novated lease is a three-way agreement between you, your employer, and Fleetcare. As you are no longer employed, the Novated Lease will need to transfer to a finance lease. Speak to your Novated Account Manager about your options.
Unfortunately, our Lease Protection Insurance policy can only be purchased and included in your lease at the commencement of the lease. You may however, be able to source additional external cover, separate to your lease.
Lease Protection Insurance covers both lease payments and running costs. Running costs are covered for $400 per month.
In the event you are made involuntarily redundant (including redundancy due to COVID-19), your lease payments and running costs will be covered for 10 months. In addition, you’ll have the ability to hand the vehicle back after 3 months.
In the event you fall ill or have an accident and are unable to work (including sickness and illness due to COVID-19), your lease payments and running costs will be covered for 18 months. In addition, you’ll have the ability to hand the vehicle back after 12 months.