What is Value Protect Insurance?

If your vehicle is declared a total loss, there’s a good chance your comprehensive insurance payout will not cover the total amount you paid for your vehicle, or the loan amount you still owe.

Allianz Value Protect Insurance covers this shortfall so you don’t have to. Whether you have paid for your vehicle outright, or have a loan balance outstanding, Value Protect Insurance can help so a total loss doesn’t leave you out of pocket.

What are the benefits?

Value Protect Insurance pays you the greater of the:

  • loan settlement amount less total loss payment; or
  • the replacement vehicle value less total loss payment,

up to the maximum sum insured under the cover option you select.

What are the Value Protect Insurance cover options available?

You can choose the Value Protect Insurance option that best suits your needs, for a term of 5 or 7 years.

Select from:

 Cover Option
Maximum Sum Insured
 Extra Cover (up to)
Option A
Option B
$15,000 $4,000
Option C
$20,000 $7,000
Option D
 $30,000 $10,000

What is Extra Cover?

In addition to covering the shortfall, Value Protection Insurance Extra cover will reimburse you for:

  • The excess paid by you to your comprehensive motor insurer.
  • Delivery charges, CTP, registration and stamp duty on your replacement vehicle.
  • 12 months comprehensive motor insurance on your replacement vehicle.
  • Up to 10 days vehicle hire.
Insurance is issued by Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850, AFS Licence No. 234708. For full terms and conditions refer to the Product Disclosure Statement and Policy Document. Limits apply to the benefits you can claim. We do not provide any advice on this insurance based on any considerations of your objectives, financial situation or needs. Before making a decision about it please refer to the Allianz Dealer Prestige Motor Product Disclosure Statement, available from any Motorama dealership.