| Pleasurecraft Insurance Policies |
| Pleasurecraft insurance provides a means of protecting yourself against any unexpected future costs that you may be required to pay because of pleasurecraft theft, accidents and other unfavourable circumstances. Southgate Financial Services can even include the insurance premium in your finance contract, meaning there are no upfront payments required. Our range of insurance products include: |
| Comprehensive Pleasurecraft Insurance | ||
| Covers the cost of repairs or replacement (up to specified maximum) where your pleasurecraft incurs accidental loss, damage, fire or theft. Also covers your legal liabilities to certain other parties and bodily injuries or death of 'named insurers'. |
| Third Party Cover Only | ||
| Covers you legal liability (and that of certain other people) to pay compensation for loss or damage to another person's property as a result of a pleasurecraft incident that is your fault (up to specified maximum). |
| Pleasurecraft Equity Insurance (GAP Insurance) | ||
| Covers any "gap" between your insurance payout and your outstanding pleasurecraft loan balance where your pleasurecraft is written off before the end of your finance contract. Also covers your relevant claim excess and "on-water" costs on your replacement pleasurecraft (up to specific maximum). |
| Loan Protection Insurance | ||
| Covers part of your pleasurecraft loan repayments where you are unable to work due to a specified illness or injury or if you become "involuntarily unemployed", or the outstanding balance of your pleasurecraft loan where you die or suffer a defined trauma. |
| You should read Southgate Financial Services' Financial Services Guide (FSG) because it contains important information about our authority to sell insurance products on behalf of the insurer. |