The Product Disclosure Statements (PDS) available for download below reflect the current terms and conditions applicable to these policies. These change from time to time, and may differ from the terms and conditions applicable to your policy. Please contact us if you would like a copy of the PDS specific to your policy.
It’s important to know you have the right cover for your situation. When it comes to motor vehicle insurance, everyone has different needs and priorities, and that’s why Eric gives you more than adequate cover with Comprehensive Car Insurance.
Our Comprehensive cover includes:
Occasionally customers find themselves with an unexpected mechanical failure. Depending on the kind of failure, this may result in a substantial unplanned financial outlay.
Eric Insurance offers a range of extended warranty options, which can provide you with protection for the costs of unforeseen mechanical failure during the period of cover.
We may also reimburse the costs associated with towing, car hire, locksmith services and in some cases accommodation.
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Many customers find car loan repayments difficult when they have had to take time off work due to illness or injury.
Eric’s LPI can take care of your car repayments for each month that you are unable to work, due to an accident or illness. And we will keep paying them until you are fit to return to work or the loan is paid out.
Our LPI can also provide cover for Involuntary Unemployment.
In the event that your car is damaged beyond repair or stolen and not recovered, the amount paid by your comprehensive insurer may be less than the amount still owed to your financier.
This difference is what we call ‘GAP’. Eric’s GAP insurance can pay to cover this shortfall, depending on the cover chosen, and in addition may pay for any incidental out of pocket expenses incurred along the way.
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Often without warning, your financial situation can change dramatically. A long term illness or perhaps an accident can put you out of action for many months.
At some point it may prove difficult to make payments on your car loan and your only option is to hand back the car to the dealer to reduce the debt. Often the value of the vehicle declines quicker than the loan balance and as a result, there may still be an amount to pay to the financier.
Eric’s Loan Termination Insurance can cover this shortfall, depending on the cover chosen.
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The depreciation of a motor vehicle might leave you exposed in the event of a total loss or if your car is stolen and not recovered.
Eric’s return to invoice shortfall benefit provides critical coverage to bridge the gap between the value paid by the insurer and the initial purchase price helping avoid added unexpected out of pocket costs.
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If your vehicle is stolen or damaged beyond reasonable repair, Eric’s Total Assist Insurance can give you added financial protection to cover the additional costs that may be incurred over and above what your comprehensive insurer pays out.
Expenses could include the claim excess, new car on road costs and any personal items lost such as sunglasses, child seats and tools. We also cover any other costs incurred as a result of the accident such as medical or pharmaceutical.
Eric’s TAI cover can pay you, depending on the cover chosen, to help out with these unexpected costs.
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Eric’s Tyre & Wheel Insurance can cover you for the cost of repairs needed as a result of tyre or wheel damage.
Eric may also cover towing, car hire and accommodation costs if your vehicle breaks down more than 100km from home and can’t be repaired the same day.
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Vehicles, as they get older and experience everyday use, and wear and tear, depreciate and lose value. In the event of a total loss the value paid out by the comprehensive insurer may be lower than expected due to this depreciation.
Equity Protection Insurance provides cover to assist with settlement of the outstanding finance balance if the vehicle was financed, or may help replace some of the lost equity or deposit when needing to replace the vehicle.
When it comes to motorcycle insurance, Eric has the cover to suit your needs. Click on the links below to learn more about the insurance Eric has available.
Cover choices include Comprehensive Cover, and Fire & Theft including Third Party Property Damage.
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A simple accident or illness, or perhaps even a sudden change to your situation resulting in loss of employment through no fault of your own, can make it significantly harder to continue making payments if you either financed or leased your vehicle purchase.
Financial Protection Insurance may assist by allowing for handback of the vehicle to reduce the financial burden and/or provide up to 6 months of repayments to the finance company.