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Lease Protection
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Lease Protection + Sickness & Accident
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Total Loss Benefit
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Financial Gap Insurance

The above insurance options are available through your novated lease. If interested, please speak to your novated lease account executive prior to finalising your lease contract.

 

Lease Protection, Total Loss Benefit, Finance Gap Insurance Disclaimer

This policy is issued by Professional Risk Underwriting Pty Ltd (ABN: 80 103 953 073) (AFSL: 308076) (ProRisk) is an Australian underwriting 
agency and coverholder for Virginia Surety Company, Inc.(ARBN: 080 339 957) (AFSL: 245579) (VSC). This document may contain general 
financial product advice that does not take into account your personal financial circumstances. You can obtain the relevant PDS by 
contacting WhipSmart on 1300 009 447. Whip-Smart Co Pty Ltd trading as WhipSmart Novated Leasing is a Distributor of Coverforce 
Broking Pty Ltd, ABN 11 118 883 542 AFSL 302522 of Level 26, 100 Tower One International Towers, 100 Barangaroo Avenue NSW 2000.

Lease Protection Insurance

Life is unpredictable. Lease Protection Insurance ensures your lease payments are covered during unexpected life events, so you can focus on recovery without worrying about your financial obligations.

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Involuntary Unemployment

Covers your lease payments if you’re made redundant or involuntarily lose your job.

  • Covers lease repayments for set period
  • May include vehicle running costs
  • Optional vehicle hand-back benefit
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Sickness & Accident

If you’re unable to work due to illness or injury, we’ll cover your lease payments.

  • Covers lease repayments during recovery
  • Protection for temporary disability
  • Peace of mind during challenging times

How Sickness & Accident Cover Works

  • Accident or Illness

    You experience an injury or medical condition that prevents you from working.

  • Time Off Work

    You need extended leave to recover and 
are unable to earn your regular income.

  • Lease Payments Covered

    Insurance covers your lease payments 
during the defined benefit period.

 

Contact Us

Frequently Asked Questions

Have a specific question?

How do I make a claim?

Claims are generally submitted through your insurer, who will guide you through 
the process. Each type of cover – Lease Protection, Gap, and Sickness & Accident – 
has specific eligibility criteria and conditions, so it’s important to read the Product Disclosure Statement (PDS) carefully to understand what’s covered & how to claim.

When does Lease Protection Insurance apply?

Lease Protection Insurance applies if you experience involuntary redundancy or are unable to work due to a covered illness or accidental injury, ensuring your lease repayments continue to be met during those times.

Who can benefit from these covers?

These covers are perfect for anyone wanting extra peace of mind, particularly if you’re concerned about unexpected job loss, health issues, or the potential financial gap if your car is written off.

Does Sickness & Accident cover differ from Lease Protection?

Sickness and accident cover specifically handles your repayments if you’re unable to work due to medical reasons, whereas lease protection is a broader category that also includes cover for involuntary redundancy.

How does GAP insurance protect me financially?

GAP insurance protects you by covering the financial shortfall between your comprehensive insurance payout and the remaining balance on your lease if your vehicle is written off.

Can these insurances be included in my lease payments?

Yes, at WhipSmart we can bundle all your insurance add-ons directly into your lease budget so they are paid using your pre-tax salary alongside your regular lease payments.