Have You Heard of Purchase Price Protection?

Say you’re involved in an accident that results in the total loss of your vehicle. Your comprehensive motor insurer only pays out the market or agreed value for your vehicle – which is usually far less than what you actually paid for it. That’s where Purchase Price Protection comes in. It insures you for the difference between the purchase price of your vehicle and the amount your comprehensive motor insurer pays you after a total loss – up to the maximum benefit you select. You can use that money however you like – pay off the remaining balance of your loan, use it towards the purchase of your next vehicle, or just go on a holiday!

The cover option you can choose from are:

  Cover option    Maximum benefit    Additional benefit    Extras
        1                    $14,000                    $1,000          $1,500      
        2                    $9,000                      $1,000          $1,500      
        3                    $4,000                      $1,000          $1,000     


You may also be entitled to an Additional benefit or Extras payment with Purchase Price Protection. For the full features, benefits, terms, conditions and exclusions, please refer to the Product Disclosure Statement and Insurance Policy (PDS).

So when you’re in the market to buy your next car, consider the peace of mind that PPP can give you.





This article may contain general financial product advice which does not take into account your personal circumstances. Before making a decision in relation to this product, please obtain and consider the relevant current PDS for the product. This product is issued by Swann Insurance (Aust) Pty Ltd ABN 80 000 886 680 AFSL No. 238292 (Swann).