Financial Protection Insurance
Škoda Financial Protection Insurance† provides financial options and solutions in times of illness, injury and unemployment due to redundancy, retrenchment or your employer ceasing to operate.
Benefits and features
• Cover for up to 6 monthly repayments^ with our Škoda Payment Assist Benefit
• Option to handback your vehicle to reduce financial burden;
- We will cover the shortfall to the financier^^
- In the event of prolonged unemployment above the 6 month covered Payment Assist Benefit term, you have the option to Handback the vehicle.
This list is not limited to and is a summary only. For the standard terms, conditions, limitations and exclusions of cover, please refer to the Product Disclosure statement and Policy Document (PDS).
† The insurer of this insurance product is Eric Insurance Limited ABN 18 009 129 793, Australian Financial Services Licence (AFSL) 238 279, PO Box 9106, Scoresby VIC 3179, phone 1800 999 977 (eric). In arranging this insurance, Volkswagen Financial Services Australia Pty Limited ABN 20 097 071 460, Australian Credit Licence 389344 of 24 Muir Road, Chullora NSW 2190 and its authorised dealers act on behalf of eric and not as your agent. Neither Volkswagen Financial Services Australia Pty Limited nor any of its related companies have any liability in respect of this insurance policy.
^Subject to ongoing sickness, injury, illness or unemployment for up to 6 months
^^Only applies where the vehicle is subject to a finance contract. The Financier must agree to facilitate clear title in respect of the Vehicle before any claim payment for Handback under this Insurance cover is made.