If you have any questions, please call us at 13 4074. By completing and signing the form and sending it to Essential Super, you can reduce or cancel your insurance coverage. Please complete Sections 1 and 2 if you want to reduce your insurance coverage.
What happens if I sell my car insurance?
You don’t have to cancel your vehicle insurance and start over when you sell your car.
If you move cars during the course of your insurance policy, your insurer will usually transfer the policy to the new car and issue a new certificate of insurance. However, there will almost certainly be a modest administration cost, and the premium will almost certainly be modified if the car has a different specification.
You could cancel your current auto insurance and get a new one with a different company, but you’ll have to pay a cancellation charge.
If you do wish to switch insurers, it might be a better idea to transfer your existing insurance to the new car and then switch when your current policy expires, especially if you just have a few months until your current policy expires.
Because these facts affect the estimate issued, you’ll be requested to confirm that the driver, any named drivers, the location, and the use of the automobile remain the same.
Don’t forget about your car tax: if you sell your automobile, you must notify the DVLA or send your vehicle log book (V5C) to them by mail. It’s in your best interests to do so, as you don’t want to be held responsible for any future offenses or convictions committed by the new owner.
Any vehicle tax refund is generated automatically once you notify the DVLA (preferably online) that your automobile has been sold or scrapped.
Does Commonwealth Bank have insurance?
Cover your building from fire, flood, theft, motor burnout, and other perils2. Alternative accommodation charges, domestic pet insurance, emergency work, and interim repairs are all included as normal.
The fundamental structure, as well as its fixtures and fittings, will be discussed. You’ll need to enter the replacement value of items like an in-ground pool, tennis court, boat jetty, or sheds if you have them.
What does CommInsure car insurance cover?
Theft, collision, hail, storm, flood, fire, malicious damage, and vandalism are all covered under this policy. Most insurance cover the most common insured incidents. For polluted fuel, use a cover. If you use the correct fuel type for your car, but the fuel is contaminated and damages your engine, you’ll be covered.
Who underwrites CommBank insurance?
^ The amount of cashback will be determined by the type of Eligible Policy. For further details, please see the Cashback Values Table. For the complete terms and conditions of the cashback promotion, click here.
1 A reduction of up to 15% will be given to your basic premium if you select combined Residential Building and Contents Cover. A discount of up to 10% will be given to your basic premium if you purchase Investment Building and Contents Cover together. This discount cannot be combined with any other discount (other than those specified in the relevant Product Disclosure Statement or Supplementary Product Disclosure Statement) or with any other promotional offer unless we specifically state that this discount will be applied in the promotional offer. This discount may be removed or changed as of the renewal date. This discount cannot be applied retroactively. Minimum premiums may be implemented, limiting the amount of discounts available. When purchased as a stand-alone policy, there are no savings available for Portable Contents Cover.
2 The Income Protection provided by AIA Product Disclosure Statement defines both accident and sickness in detail (PDS).
The target market for these products may be found in the Target Market Determination for the product, which can be accessed here.
Commonwealth Insurance Limited ABN 96 067 524 216 AFSL 235030 provides home and car insurance (CIL). CIL’s registered business name is CommInsure. The Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 is a wholly owned but non-guaranteed subsidiary of CIL (CBA). CBA makes no representations or warranties about CIL’s duties or performance, or the items it sells. This information is given by CIL, and when we say “we” or “our,” we’re referring to CIL.
AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIA Australia) provides and issues Life Insurance (Life Insurance) and Income Protection (Income Protection) as detailed on this website. AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIA Australia) distributes these products. The CBA Group does not include AIA Australia. CBA and its affiliated companies do not sell, issue, or guarantee AIA Australia’s obligations or performance, and these insurance products do not represent a deposit with or liability of CBA or any of its related bodies corporate. CBA receives a commission, which is a proportion of your premium, if you acquire a Life Insurance and/or Income Protection policy.
AIA Health Insurance Pty Ltd (ABN 32 611 323 034) (AIA Health) issues and distributes health insurance products through AIA Financial Services Limited (ABN 68 008 540 252) (AIA Financial Services), a wholly owned subsidiary of AIA Australia. CBA has been given permission by AIA Financial Services to advertise AIA Health’s health insurance products to its customers in exchange for a commission.
CBA does not guarantee the performance of any products issued by AIA Australia, AIA Health, or AIA Financial Services, and CBA does not guarantee the obligations of AIA Australia, AIA Health, or AIA Financial Services.
Zurich Australian Insurance Limited ABN 13 000 296 640 AFSL 232507 provides travel insurance for CBA through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145 AFSL 241713 (Cover-More).
This data was compiled without taking into account your goals, financial condition, or requirements.
Before acting on this, you should think about whether it’s right for you by reading our Product Disclosure Statements, Premium, Excess and Discount Guide (PEDG), Key Facts Sheets (KFS), and Financial Services Guide (FSG).
Does CommBank have live chat?
You may message us for help from anywhere using the CommBank app. Here’s how to do it:
- Type your question and we’ll respond right away, or connect you with a specialist through message or phone call.
- Make sure you’ve switched on push notifications for the CommBank app so you’ll know when we respond.
- If there’s something we want to chat to you about, we’ll send you a message on your CommBank app.
- If you’ve phoned us and are on hold, we may offer you the option of sending us a message instead of waiting.
Can I cancel my car insurance?
A standard auto insurance policy lasts for a year, but you can cancel it at any moment. Keep in mind that you won’t get your money back right away, and your insurance company may charge you a cancellation fee.
However, if you purchased your vehicle insurance coverage through a broker, you should be aware of additional expenses. They may charge you a cancellation fee in addition to the amount charged by the insurance company.
Can I cancel my car insurance before I sell my car?
The bill of sale, the car title, and the Notice of Release of Liability are all essential documents (if required in your state). Additional paperwork, such as an odometer disclosure statement or an emissions test, may be required in some states.
If you want to sell it privately, trade it in at a nearby dealership or place an ad online.
You can cancel your insurance, transfer the policy to a new automobile, or switch to a non-owner coverage after the car is no longer in your name.
Do I have to cancel my car insurance if I sell my car?
It’s really not that difficult. You don’t have to cancel your vehicle insurance and start over when you sell your car.
You should be allowed to move your automobile partway through your insurance coverage and your insurer will simply transfer the policy to your new car; it’s that simple.
So, there may be a small administrative price associated with this, but it’s well worth it if it means you can insurance your new whip. You could also cancel your current auto insurance and get a new one with a different company, but you’ll almost certainly have to pay a cancellation charge.
Another smart suggestion is to transfer your old insurance to your new automobile, and if you absolutely want to switch, do so when your policy is up for renewal.
What is GAP cover CBA?
Gap coverage of up to 25% We cover up to an additional 25% of your Building and Contents Sum to aid with the financial strain. When your insurance isn’t adequate to cover your loss, you can get insured.