Insurance Offerings

Understanding Aligned Finance’s Insurance Offerings

At Aligned Finance, we understand the importance of protecting your financial well-being throughout your loan term. To offer you comprehensive coverage, we partner with Janssen Insurance, a leading name in the insurance industry. Here's a detailed explanation of the third-party insurances we include in our loan offerings and how the insurance premiums are calculated by Janssen Insurance.

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Comprehensive Vehicle Insurance (CVI): Complete Protection for Your Wheels

At Aligned Finance, we go the extra mile to ensure your complete financial security, and that's why we offer Comprehensive Vehicle Insurance (CVI) as part of our insurance offerings from Janssen Insurance. Your vehicle is a valuable asset and protecting it from unforeseen events is of utmost importance. CVI provides coverage for unexpected events such as fire, theft, and collisions, whether it’s your fault or not, and covers the cost of emergency accommodation, transport, repairs and towing costs. Legal Liability Cover of $1,000,000 for third-party damages. The insurance premiums for CVI are calculated based on various factors, such as your vehicle's make and model, usage patterns, driving history, and the coverage options you choose.

Read more – CVI Policy Booklet

https://www.jansseninsurance.co.nz/booklets/Janssen-CVI-Policy-Booklet.pdf

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Mechanical Breakdown Insurance (MBI): Peace of Mind for Unexpected Repairs

Vehicular breakdowns can be both untimely and costly, potentially burdening your budget. With our Mechanical Breakdown Insurance (MBI) option, Elite Cover – with ROADSIDE, you can drive with confidence, knowing that you are protected against unexpected repair expenses. The policy provides coverage with up to $10,000 claim entitlement. The premiums for MBI are calculated by Janssen Insurance based on factors such as your vehicle's make and model, age, and usage patterns. By analysing these variables, Janssen Insurance offers you tailored coverage that suits your specific needs and minimizes financial surprises.

Read more – ELITE Cover Policy Booklet

https://www.jansseninsurance.co.nz/booklets/Janssen-EliteCover-Policy-Booklet.pdf

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Lifestyle Protection Insurance (LPI): Security in Times of Adversity

Life is filled with uncertainties, and unforeseen events can impact your ability to make loan payments. Lifestyle Protection Insurance (LPI) from Janssen Insurance acts as a financial safety net during challenging circumstances. A tailored monthly benefit is provided to suit your lifestyle, financial commitments and expenses. Your monthly benefit can vary at any amount between $100 to $5,000* per month for up to a maximum of five years (60 months). The insurance premiums for LPI are determined based on factors such as your loan amount, term, age, and health status. By customizing the coverage to your unique situation, Janssen Insurance ensures you have the support you need when you need it most.

Read more - LPI Policy Booklet

https://www.jansseninsurance.co.nz/booklets/Janssen-LPI-Policy-Booklet.pdf

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Guaranteed Asset Protection (GAP): Bridging the Financial Gap

In the unfortunate event of your vehicle being stolen or totaled in an accident, your insurance coverage might not cover the full outstanding loan amount. That's where Guaranteed Asset Protection (GAP) steps in. Gap insurance covers the difference (the GAP) between what your vehicle is worth and how much you owe on the car. The insurance premiums for GAP coverage are calculated considering your loan balance, the depreciation of your vehicle, and other relevant factors. With Janssen Insurance's GAP, you can avoid potential financial shortfalls and confidently move forward, even in the face of unexpected loss.