Credit Union Insurance

CARMINDER® 

 A motor vehicle insurance offered on all vehicles. No-obligation quotes provided on request. We will  meet any written quote supplied by other insurance companies. Carminder is policy is from Pioneer Insurance.

HOMEMINDER® 

Is our house and contents insurance plan for Credit Union members and their families. There are three options available for the insurance of your

HOME: 

• MaxiPlan - is an accidental damage cover that does not have a dollar value sum insured. Your home will be rebuilt to the same size as the old one. This cover is only available for owner occupied homes. The area/size of the home should include developed basements and garages but not decks or carports.
• BasicPlan Replacement - is a defined perils cover for homes not suited to MaxiPlan, for tenanted homes and holiday homes when you require replacement cover but this is limited to the sum insured.
• BasicPlan Indemnity - is a defined perils cover for homes not suited to MaxiPlan, not for tenanted homes and holiday homes when you require a limited cover.  

CONTENTS:

There are two options available for the insurance of your contents:

• MaxiPlan - our superior policy, covers the contents of owner occupied homes for accidental damage. To qualify for this cover, your contents must be valued over $40,000. Replacement cover is provided for furniture, firnishings, home appliances, carpets, floor coverings and drapes up to 10 years and jewellery up to 5 years old. Where your sum insured is $60,000 or greater, you will receive replacement cover on furniture, furnishings, home appliances, carpets, floor coverings, drapes, jewellery and more regardless of age.
• BasicPlan - insures the contents of homes for defined perils. Cover is for replacement of furniture, furnishings, home appliances, carpets, floor coverings and drapes up to 5 years old. Extensions are available to cover the deterioration of frozen foods and personal effects away from home.   

LIFE COVER PLUS  

• Provides a life cover lump sum payment in the event of you or your partner passing away.
• Can provide an option for an early payment of Life Cover in the event of a critical illness such as heart attack, cancer, stroke and others.
• Cover available from $50,000 or more for as little as $5 per week (conditions apply).
• Cover is not conditional on having a mortgage.

FUNERAL PLAN 

Your Credit Union can help you to provide for the unexpected costs of a funeral with a simple and affordable insurance policy that will pay $5,000 if an insured person dies.

Guaranteed Acceptance - no questions asked.

• Cover is guaranteed for anyone aged between 10 and 75.
• No medical information is required.
• Up to 10 additional family members or friends can be insured.
• You can nominate the beneficiary of your choice, otherwise any claim payment would go into your estate.

What's not covered?

• The cover ends when the insured person reaches 76 years old.
• There is no cover for children aged less than 10.
• There is no cover  for death by natural causes or suicide in the first 12 months (premium is fully refunded).

Premiums from your Credit Union account

• Premiums are paid monthly, deducted from your Credit Union account.
• The premium is aged base and it will increase as each new age is reached.

LOANMINDER® 

This is a new insurance cover specifically designed for Credit Union members who have existing loan(s). The LOANMINDER® policy can be tailored to meet your individual needs including cover for any or all of the following:

• Death - Your loan balance is repaid in full.
• Disability - Your loan instalments are paid for as long as you are unable to work.
• Redundancy - Your loan instalments are paid for up to six months.
• Bankruptcy - Your loan instalments are paid for up to six months.
• Trauma - A lump sum of $10,000 is payable directly to you if you suffer from a serious illness.

To be eligible visit please visit your nearest branch for details.