Unexpected changes like job loss, illness or injury can place pressure on your finances
This cover is designed to help you:
Maintain your lease repayments in times of involuntary unemployment, illness or injury.
Reduce financial stress if your income suddenly stops.
Protect your credit position and financial stability.
Access support while you get back on your feet.
28-day cooling-off period.
What's covered?
If you lose your job unexpectedly.
- Up to 10 monthly lease repayments paid directly to your lease provider.
- A Handback Option after 3 monthly lease payments from the insurer.
- $400 monthly vehicle running cost benefit (up to $4,000 total).
- Combined maximum benefit of $40,000.
If illness or injury prevents you from working
- Up to 18 monthly lease repayments paid directly to your lease provider
- A Handback Option after 12 monthly lease payments from the insurer
- $400 monthly running cost benefit (up to $4,000)
- Combined maximum benefit of $40,000
If you remain unable to work after receiving benefit payments, you may:
- Return the vehicle to the lease provider.
- Have the difference between the vehicle’s fair sale price and outstanding lease balance covered.
This can help prevent ongoing financial strain during extended recovery or unemployment.
How the lease protection can help
*Examples are illustrative only and based on hypothetical scenarios. Actual benefits payable depend on policy terms, conditions and individual circumstances.
How to apply
Speak with a Prosperity Smart Drive adviser to confirm your eligibility and lease details.
Complete the online application form – we’ll guide you through the required information.
We’ll issue your certificate of insurance and you’ll be covered once your policy is active.
Keep your lease and insurance details together — it makes claim time simpler and faster.
Important information
This information is general only and does not take into account your objectives, financial situation or needs. Before entering into any novated lease or insurance arrangement you should consider your own circumstances and seek professional advice. Conditions, exclusions and fees apply. For full details of the terms, limits and exclusions, refer to the Product Disclosure Statement (PDS).
In connection with Add On Insurance products – Lease Protection, Total Loss Benefit & Financial GAP Assist – issued by ProRisk, Prosperity Smart Drive Pty Ltd Pty Ltd (Prosperity Smart Drive) (ABN 61 120 563 215) is a Distributor of Coverforce Insurance Broking Pty Ltd (ABN 11 118 883 542, AFSL 302522). This is general information only. It has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it. For full details of the terms, limits, conditions and exclusions and before making any decisions about whether to acquire or to continue to hold this product, please consider the Coverforce Financial Services Guide and ProRisk Product Disclosure Statements. Target Market Determinations are also available.