insurance            

Companion Credit Union can help you with a range of affordable insurance solutions which provide strong personal and financial protection, affordable premiums and straightforward cover. The insurance product range includes loan protection, motor vehicle, home and contents, caravan and investor (landlords) insurance.

 

general insurance

Companion Credit Union can help you with all your general insurance needs. The MemberCare suite of insurance products offers strong, affordable and easy to understand insurance protection which is underwritten by CUNA Mutual General Insurance*. These products include:

 

loan protection

If you are taking out a loan with us, you can apply for insurance to cover your repayments in the even of sickness, accident, involuntary employment or death. Underwritten by CUNA Mutual Group*, this insurance covers your loan repayments or may even pay out your loan for you, with affordable premiums packaged into your loan.

 

motor vehicle insurance

Next to your home, your motor vehicle is probably your most important asset. You need the peace of mind of knowing that should your vehicle be involved in an accident, stolen or damaged, you will be able to get back on the road quickly, with as little disruption to your life as possible.

MemberCare Motor Insure, underwritten by CUNA Mutual General Insurance*, offers comprehensive protection for your vehicle, with options for basic cover against Fire, Theft & Third Party Property Damage or Third Party Property Damage only.

Benefits at a glance:

  • Agreed Value
  • Pay by the month for no extra charge*
  • One excess-free windscreen or window glass claim per insurance period
  • No Claim Bonus Protection at all levels
  • Your Legal Liability up to $20 million Lifetime guarantee on repairs
  • Loss or damage to an uninsured trailer up to $500

...with MemberCare Motor Insure you get all the cover and benefits you would expect from your motor insurer including:

  • Choice of covers from Third Party Property Damage through to Comprehensive
  • Cover for emergency expenses and temporary emergency repairs
  • Claims service 24 hours a day, 7 days a week
  • Fast and personal response to your claims
  • Option to pay your monthly or annual premium direct from your Companion account or a credit card.

Download the MemberCare Motor Insure PDS.

 

home & contents insurance

Your home is probably the most important asset you will ever own and your contents and other precious possessions are such a large part of the lifestyle you enjoy every day. Should the worst occur, you want the peace of mind of knowing that, at least financially, you are able to replace your home and other treasured possessions.

MemberCare Home Insure, underwritten by CUNA Mutual Group*, covers your home and contents against a wide range of insured events such as fire and theft as well as $20 million liability protection worldwide.

Download the Home Insure PDS.

caravan insurance

Your caravan is more than just a leisure vehicle - it is an important part of your lifestyle.

So you need to know that should your caravan be damaged or stolen, we will get you back on holidays as soon as possible.

MemberCare Caravan Insure, underwritten by CUNA Mutual Group* gives you cost effective cover against accidental loss or damage to your caravan as well as replacement of your caravan contents.

Download the Caravan Insure PDS.

 

boat insurance

MemberCare Boat Insure, underwritten by CUNA Mutual General Insurance*,
offers protection for your boat.

Benefits at a glance...

  • Cover for accidental loss or damage or theft of your boat
  • Protected No Claim Bonus if you have a NCB for a Boat or Motor Vehicle
  • Legal Liability Cover for up to $10 million
  • Flexible payment options
  • Total loss within one year of original registration
  • Contents on your boat
  • Emergency expenses and transit cover

Download the Boat Insure PDS

 

investor insurance

Buying an investment property is about more than just bricks and mortar - it's a major step towards your financial independence. So you need to ensure that you have the best protection.

MemberCare Investor Insure, underwritten by CUNA Mutual Group*, provides new for old replacement protection for your investment property. It includes cover for loss of rent, rent default and malicious damage or theft by tenants as well $20 million liability protection.

Download the Investor Insure PDS.

loan insurance - for personal loans

MemberCare Loan Insure, underwritten by CUNA Mutual Group*, covers your personal loan repayments or may even pay out your personal loan for you, with affordable premiums packaged into your loan.

Benefits at a glance:

Death Cover

  • The benefit payable is the outstanding balance of your loan contract up to a maximum of $250,000.
  • For a policy in joint names, only one claim is payable.

Disability Cover

  • The maximum monthly benefit is the lesser of the insured repayment amount selected by you as shown in your policy schedule and $1,500 per month, no matter how many claims are made by all covered persons.

Involuntary Unemployment Cover

  • The maximum monthly benefit is the lesser of the insured repayment amount as shown in your policy schedule and $1,500 per month, no matter how many claims are made by all covered persons.
  • The monthly benefit is paid for a maximum period of 3 months during any consecutive 12-month period.
  • The maximum benefit payable for all claims during the period of insurance is $5,000.

Trauma Cover

  • The benefit is the lesser of the outstanding balance and $50,000.
  • Only one claim can be made during the period of insurance.

Best of all, you have the peace of mind of knowing that, should you suffer any of the above events, your loan repayments can be taken care of while you and your family can concentrate on getting on with life.

At Claims Time

We know how difficult it is when the time comes to make a claim, so CUNA Mutual Group have made the claims process as easy and stress-free as possible. The Claims Service Centre is accessible Monday to Friday, 8.30am to 5.00pm EST and the claims team will be there to support you throughout the claims process.

Download the Loan Insure PDS.

 

mortgage insurance

It's hard to imagine that you could become sick or injured and be unable to work, or that you could suddenly lose your job. Hardest of all to imagine is that you might die? If the worst was to happen, could you and your family continue to meet your mortgage repayments?

MemberCare Mortgage Insure, underwritten by CUNA Mutual Group*, covers your mortgage repayments or even may even pay out your mortgage for you, with affordable premiums packaged into your home loan.

Benefits at a glance:

Death Cover

  • The benefit payable is the outstanding balance of your loan contract up to a maximum of $350,000
  • For a policy in joint names, only one claim is payable

Disability Cover

  • The maximum monthly benefit is the lesser of the insured repayment amount selected by you as shown in your policy schedule and $3,000 per month, no matter how many claims are made by all covered persons.
  • The maximum benefit payable is for a period equivalent to 36 monthly loan repayments but only if the policy remains in force during that period.

Involuntary Unemployment Cover

  • The maximum monthly benefit is the lesser of the insured repayment amount as shown in your policy schedule and $3,000 per month, no matter how many claims are made by all covered persons.
  • The monthly benefit is paid for a maximum period of 3 months during any consecutive 12-month period.
  • The maximum benefit payable for all claims during the period of insurance is $10,000.

Trauma Cover

  • The benefit is the lesser of the outstanding balance and $50,000.
  • Only one claim can be made during the period of insurance.

At Claims Time

We know how difficult it is when the time comes to make a claim, so CUNA Mutual Group have made the claims process as easy and stress-free as possible. The Claims Service Centre is accessible Monday to Friday, 8.30am to 5.00pm EST and the claims team will be there to support you throughout the claims process.

Download the MemberCare Mortgage Insure PDS.

 

mortgage insurance plus

It's hard to imagine that you could become sick or injured and be unable to work, or that you could suddenly lose your job. Hardest of all to imagine is that you might die? If the worst was to happen, could you and your family continue to meet your mortgage repayments?

MemberCare Mortgage Insure, underwritten by CUNA Mutual Group*, is an affordable way to provide your family with security by protecting your greatest asset.

Benefits at a glance:

Death Cover

  • The benefit payable is the current insured loan contract amount on the policy schedule to a maximum of $5000,000.

Disability

  • The monthly benefit is the repayment amount to a maximum of $3,000 per month.
  • The maximum benefit payable is for the period equivalent to 36 monthly loan repayments during the period of cover.

Involuntary Unemployment

  • The monthly benefit is the repayment amount to a maximum of $3,000 per month.
  • The monthly benefit is paid for a maximum period of 3 months during any consecutive 12-month period of the period of cover.
  • The maximum involuntary unemployment claims during the period of cover will be $10,000 during the first 5 years of the period of cover and $10,000 in any subsequent, consecutive 5-year period thereafter.

Trauma

  • The benefit is the sum insured selected by you as shown in your policy schedule to a maximum of $50,000.
  • Only one claim can be made during the period of cover.


Download the MemberCare Mortgage Insure Plus PDS.

 

at claims time

We know how difficult it is when the time comes to make a claim, so CUNA Mutual Group have made the claims process as easy and stress-free as possible.

The CUNA Mutual General Insurance Claims Service Centure is accessible 24 hours a day, 7 days a week.  Call 1300 660 727 anytime, day or night and the claims team will be there to support you throughout the claims process.

 

Taking up any MemberCare Insure is easy. To obtain a quote, simply ring Companion's hotline on 131 609 or visit your nearest branch.

 

*Terms and Conditions apply. Before making a decision about your insurance needs, please please refer to the Product Disclosure Statement available by calling Companion Credit Union AFSL 240734 issued by CUNA Mutual General Insurance AFSL 245491 and/or CUNA Mutual Life Australia Limited AFSL 245492.

Page last updated 27th June 2008.    © Companion Credit Union 2008.