The Michigan no-fault system was adopted in 1973 to increase the level of benefits paid to injured persons, make sure such payments are made promptly, and reduce the proportion of premium dollars paid out for legal and administrative costs.

A Michigan no-fault policy provides unlimited medical and rehabilitation benefits. It provides wage loss benefits for up to three years, and $20 per day for replacement services if you are injured in an auto accident, regardless of fault. In exchange for these benefits, Michigan motorists gave up the right to sue in auto accidents except when someone is killed or very seriously injured. Because of this, disputes over who was at-fault in an accident will not hold up payment of medical bills. Michigan is unique in that damage to vehicles also falls under the no-fault system. This, too, saves time and money in claims payment. Michigan drivers must buy collision and/or comprehensive insurance to cover damage to their own car.

Why Should You Buy Auto Insurance?

If you cause an auto accident, you may be responsible for the losses of the other people involved. A claim may be made or a lawsuit filed against you for those losses. You may have to pay not only for the property damage you cause, but also for the medical expenses, lost wages, and pain and suffering of any injured person. The amount of money you may have to pay could be substantial.

If you don’t have insurance, anything of value that you own, including your home, savings, future wages, and other assets, may be taken to pay for those losses. Auto liability insurance can help protect you so that this doesn’t happen. Liability insurance also pays for an attorney to defend you against any claim or lawsuit that may be payable under the policy.

Our Product Disclosure Statement

This policy document is also a Product Disclosure Statement (PDS). A PDS is a document required by the Corporations Act and contains information designed to help you decide whether to buy the policy.

About the available covers
You can choose one of these three covers:

• Comprehensive cover;
• Third party property damage cover only; or
• Third party property damage, fire and theft cover.

By way of summary only (refer to policy for full terms, conditions, exclusions and limits):

Comprehensive cover – provides cover for:

• Accidental loss or damage to your vehicle up to an agreed value (ie. a set amount we agree with you) or market value (ie. the cost to replace your vehicle with a vehicle of the same make, model, age and condition as your vehicle immediately prior to the loss or damage).

Q: What is a Classic Car?
A: Any car manufactured at least 10 years ago as a standard production model. The annual mileage must not exceed 7,500 miles – discounts are available for lower mileage. Other vehicles including commercial vehicles, military vehicles, tractors and custom made replicas may be acceptable. If you are unable to find your vehicle on our website listing please call us on 0800 731 2063.

Q: Do Cherished / Classic Car Club Members get special rates?
A: Yes, if you are a member of a recognised classic car club, you will qualify for a discount. (A photocopy of your membership card will be required.)

Q: What is the excess?
A: This is the amount that you will be required to pay towards the cost of any claim for loss of or damage to your vehicle. Excess’s are determined by the vehicles value; if you require further information on this subject please contact us.

HBF Car Insurance offers value for money cover with a genuine focus on local service.

Whether you’re looking to insure your car, caravan or trailer, we offer five different types of insurance to suit your needs:

• Comprehensive Car
• Advantage Driver
• Budget Policy — Fire and Theft
• Third Party — Property Damage and Personal Injury
• Caravan and Trailer

To help you decide which is the best cover for you, review and compare the benefits charts on the following pages.

Key benefits
Some of the other key benefits of an HBF Car Policy are:

1. When personal property is stolen from Your locked Car, We will pay up to $500 for any claim.
2. Up to $500 Cover for replacing locks, keys and electronic immobilising devices if they are stolen.
3. Up to $50 for the cost of a taxi fare to get You home safely if Your Car has been stolen or involved in an Accident.

Introduction

Please print this document for future reference or navigate through the headings below.

You don’t need to refer to this document to effectively sell secured loans using Promise Quote. However, this introductory guide will increase your expertise when dealing with secured loans and give you a tried and tested sales process to maximise your income from loans. You will be enabled to sell loans professionally, competently and integrate them with confidence into your product portfolio.

This document will also prompt thoughts on how you may be able to generate new secured loan enquiries, and how to cross-sell additional products to new, and existing clients.

Promise Solutions have 25 years experience in arranging loans through brokers and direct to customers. The team at Promise were responsible for the creation and development of the Purpleloans brand from 1996 through to 2003 and the £1 million per month advertising budget.