Insurance products tailored for you
Comprehensive Motor Vehicle Insurance
Vero Insurance^ is SG Fleet’s chosen Comprehensive Motor Vehicle Insurance provider.
The Vero policy is designed specifically for drivers with a novated lease, offering a range of cover to help protect your vehicle.
How it works
Pair your novated lease with insurance for broad protection, ensuring peace of mind against unforeseen events.
| Benefit | Vero policy* |
| Full Lease Payout | Included |
| Recreational Off-Road Driving | No restrictions (includes beach driving) |
| Vehicle Accessories and Modifications | Included |
| Choice of Repairer | Included |
| New for Old Vehicle | 3 Years |
| Third Party Liability | Up to $50,000,000 |
| Glass Excess Waiver | Unlimited |
| Emergency Travel | Up to $2,250 for Accommodation
Up to $2,250 for Travel |
| Emergency Repairs | Up to $2,500 |
| Hire Vehicle | Up to $3,500 (theft and accident included) |
| Personal Effects | Up to $3,000 (includes tools of trade and laptops) |
| Trailers | Up to $1,000 |
*Subject to policy terms and conditions.
Vero Insurance^ FAQs
Yes. Our comprehensive insurance provider will cover you if your vehicle suffers any damage as a result of driving off-road.
Yes, if those modifications/accessories are included in the amount financed. However, if you have modified your vehicle after commencement of the lease term, you will be required to provide a copy of the tax invoice/receipt from when you purchased the modifications if you wish to cover these in the event of a claim.
This policy covers anyone who is licensed and is legally able to drive in Australia. This includes probationary and learner drivers as well as international licence holders (where permitted by the applicable State Road Authority e.g. VicRoads).
The following excess will apply in addition to the Basic Excess the event of an accident if the driver is:
16 – 20 years old: $750
21 – 24 years old: $500
25 years of age and over and an inexperienced driver (has not held a driver’s licence for the past 2 consecutive years): $250
Vero has an online claim lodgement portal which can be accessed here: submit an online claim.
Please note your Vero policy number MSL022690029 in the ‘Policy Number’ field and SG Fleet in the ‘Company Name’ field to assist Vero with accurate lodgement.
Alternatively, the Vero Claims team assists with claim lodgements and existing claims enquiries and can be contacted on 1300 185 390 or via email at claims@vero.com.au.
If your vehicle is deemed a total loss and the amount owing under your lease is greater than the market value payout, this policy will pay the difference to ensure your lease is paid out in full.
The insurer will deduct:
any amounts or interest in arrears at the time of the loss or damage; and
discounts in respect of finance charges or interest for the unexpired term of the financial agreement.
We are unable to comment on another insurer’s policy. However, our policy is designed for drivers with a novated lease, affording a high level of cover to ensure your vehicle is protected and protects your eligibility for a full lease payout should your vehicle be deemed a total loss. Our policy also includes three years new for old replacement should your vehicle be deemed a total loss, choice of repairer and unlimited excess-free windscreen claims.
^Policy offered by AAI Limited trading as Vero Insurance (ABN 48 005 297 807, AFSL 230859)
SG Fleet Australia Pty Ltd (ABN 15 003 429 356) (‘SG Fleet’) distribute this insurance as an Authorised Representative (AR no. 258510 ) of Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303; AFSL 238369) (‘MAI’), under a binding authority from the insurer, Vero Insurance (ABN 48 005 297 807, AFSL 230859) In distributing this insurance, SG Fleet act on behalf of MAI for the insurer and do not act for you.
All cover described within is subject to the relevant policy terms, conditions and exclusions. This publication contains general information and does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. Any advice is general in nature only. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from SG Fleet on request. SG Fleet cannot provide any assurance that insurance can be obtained for any particular client, on any particular terms, or for any particular risk.
LeaseGuard
In the case you are faced with an involuntary change in employment circumstances, this product may have you covered. Remove the financial stress during this difficult period by including LeaseGuard in your novated lease.
LeaseGuard is a valuable safety net during challenging times. It provides coverage for lease payments when you’re out of work due to an involuntary cessation of your employment, ensuring financial stability during a difficult period.
How it works
LeaseGuard provides cover in the event of involuntary unemployment as a result of redundancy, retrenchment or the forced early cessation of your fixed term employment contract.
Benefits
The information contained in this publication provides a general overview of subjects covered, is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. Insureds should consult their insurance and legal advisors regarding specific coverage issues. All insurance coverage is subject to the terms, conditions, and exclusions of the applicable individual policies. SG Fleet cannot provide any assurance that insurance can be obtained for any particular client or for any particular risk. SG Fleet issues this insurance on behalf of the Insurer as an Authorised Representative (258510) of Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303 AFSL 238369).
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