What Does it Cover?

As our preferred supplier a PROTECTA Insurance Payment Protection Plan covers the following?

Death Cover

In the event of your death the outstanding balance of your finance agreement (excluding any arrears of more than 3 months) will be paid, leaving your family a debt free asset when they need it most.

Disablement Cover

If you are unfortunate enough to have an accident or illness which prevents you from working, Payment Protection Plan pays your finance instalments (after a seven-day qualifying period), until you are able to return to work or your repayments are paid off in full, less arrears (excluding any residual payments) prior to your 70th birthday.

Terminal Illness Cover

In the event of being unable to work through any illness or accidental injury which is likely to result in your death within 6 months of the date on which the injury was diagnosed, Payment Protection Plan pays off the repayments in full, less arrears (excluding any residual payments).

Redundancy Cover

If you are made redundant from your permanent employment, Payment Protection Plan will pay your repayments for 180 days (No amount payable for the first 28 days), up to $10,000 or until you find work, whichever comes first.

Bankruptcy Cover

If you are self employed and declared bankrupt by the New Zealand High Court, Payment Protection Plan will pay your repayments for 180 days (No amount payable for the first 28 days), up to $10,000 or until you find work, whichever comes first.

If you have any questions, please feel free to email us or contact us on 0800 40 41 40