Walkaway Protection Insurance

All new finance packages arranged by Southgate have the option to include Walkaway Protection insurance, underwritten by Swann Insurance.

Walkaway Protection insurance is designed to give you peace of mind, by allowing you to return your lease vehicle when certain unforseen events occur in your life. Walkaway Protection lets you hand back your vehicle in the event that you face any of the covered circumstances outlined in the PDS, from involuntary unemployment or physical disability to the loss of your driver’s licence from a driving-restrictive medical condition.

There are 4 available cover options, each with a different level of protection. Some options include the ability to keep your car through Payment Relief coverage. See the comparison table below and read the relevant Product Disclosure Statement (PDS) for more information on each cover option.

Walkaway Protection Coverage Options

COVERED CIRCUMSTANCES STANDARD

$7,500
Up to 84 Mths 		STANDARD PLUS
with Payment Relief
$7,500
Up to 84 Mths 		ELITE 6
with Payment Relief
$15,000
Up to 84 Mths 		ELITE 12
with Payment Relief
$15,000
Up to 84 Mths
Product Disclosure Statement Download PDS Download PDS Download PDS Download PDS
FREEDOM TO RETURN YOUR VEHICLE
Term up to 84 months tick tick tick tick
Involuntary unemployment tick tick tick tick
Disability - excluding mental illness tick tick tick tick
Driving restrictive medical condition tick tick tick tick
International job transfer tick tick tick tick
Trauma cross tick tick tick
Accidental death cross cross tick tick
Mental illness (as part of Disability) cross cross tick tick
FREEDOM TO KEEP YOUR VEHICLE
Payment Relief - Involuntary unemployment cross 3 Months* 6 Months** 12 Months***
Payment Relief - Physical disability cross 3 Months* 6 Months** 12 Months***
Payment Relief - Mental disability cross cross 6 Months** 12 Months***
Payment Relief – Employer-approved leave of absence cross cross 6 Months** 12 Months***
ADDITIONAL PROGRAM FEATURES
Coverage up to 65 years of age tick tick tick tick

* One 90-day lump sum payment - no need to apply monthly for benefit
** Two 90-day lump sum payments (used separately) - no need to apply monthly for benefit
*** Four 90-day lump sum payments (used separately) - no need to apply monthly for benefit

Please view our Financial Services Guide (FSG) and consider the relevant Product Disclosure Statement (PDS) for each level of cover. You should read the FSG because it contains important information about our authority to sell insurance products on behalf of the insurer. You should carefully read the relevant PDS because it will help you make an informed decision about whether the policy meets your needs and provides the desired cover.