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Product Protection
QBE Product Protection team have developed an unrivalled reputation for delivering successful insurance programs globally including North America , South America , Western and Eastern Europe , Asia and the Middle-East. Our success has been built on providing world class solutions tailored for each individual client.
Now our product portfolio has been expanded to offer our clients Payment Protection Insurance and Gap Insurance solutions. To reflect these additional product offerings, the team re-branded in October 2004 under the name of the QBE Product Protection team.
Products
Our Product Protection team seeks to push the boundaries of innovation to deliver the most fitting policies. Each is written in conjunction with our client to ensure their requirements are fully addressed.
Unlike many others in the insurance market, we have the licenses and expertise to write policies across the globe and our clients are always safe in the knowledge that they are supported by a highly respected professional multi-national insurance company.
The team can now provide the following products:
- Motor - New and Used
Bespoke coverage to the territory or client for new and used motor vehicles
- Trucks - New and Used
Bespoke coverage to the territory or client for new and used trucks
- Domestic electrical brown and white goods
Bespoke coverage for domestic electrical brown and white goods is available to manufacturers and importers who deal in large volumes of these units
- Mobile Phones
Our policy for service providers can be written to cover all mobile phone risk, including theft and breakdown
Payment Protection Insurance
QBE Payment Protection Insurance broadly incorporates a number of different types of cover which, subject to policy terms, pays the customers scheduled monthly finance repayment in the event of accident, sickness and involuntary unemployment.
We can offer payment protection alongside the following types of lending:
- Motor loans
- Personal loans
- Credit cards
- Mortgages
- Monthly subscriptions
QBE offer three different types of GAP products for motor business, these being:
Financial Shortfall – designed for vehicles purchased with motor finance, financial shortfall covers the shortfall (if any) between the motor insurers total loss settlement and the outstanding balance under the motor finance agreement
Return to Invoice – designed for vehicles purchased with motor finance or cash, return to invoice covers the difference between the motor insurers total loss settlement and the original net invoice price of the motor vehicle
Vehicle Replacement Insurance - designed for vehicles purchased with motor finance or cash, vehicle replacement insurance covers the difference between the motor insurer’s total loss settlement and the price of a new replacement vehicle of the same specification as the original new car
Policy Early Termination
InsuranceEarly Termination Insurance is usually offered by motor finance and leasing companies to their ‘cash for cars’ customers. In the event that the customer has to return the motor vehicle early in the event of:
- Resignation
- Redundancy
- Expatriation
Loss of driving licence and/or job on medical grounds
The product is designed to cover the sale value at the time the vehicle is returned and any outstanding balance on the customers finance agreement.
:: Credentials
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