COVER THE DIFFERENCE
BMW Purchase Price Insurance is a practical and convenient insurance solution that provides additional cover for the financial shortfall in the event of an accident where your vehicle is declared a total loss and the comprehensive motor vehicle insurance payout is less than the purchase price of the vehicle – potentially thousands of dollars.
Comprehensive Motor Vehicle Insurance typically pays you the market value of your car if it is written off due to an accident, fire or theft, which may be much less than what you originally paid for the vehicle, leaving you out-of-pocket. Purchase Price Insurance helps cover this shortfall, up to the amount selected on your policy, making it easier to get a ‘like for like’ vehicle replacement.
This insurance is issued by Allianz Australia Insurance Limited, AFS Licence No. 234708 ABN 15 000 122 850 (Allianz). In arranging this insurance BMW Australia Finance Limited ABN 78 007 101 715 and authorised dealers act as agents of Allianz and not as your agent.
We do not provide advice on this insurance based on any consideration of your objectives, financial situation or needs. Before making a decision about this insurance please consider the PDS available from this website. If you purchase this insurance we receive a commission from Allianz. Ask us for more information before we provide you with our services.