Insurance

We provide information about optional insurance products that may be available alongside personal and vehicle loans. These insurance products are provided by third-party insurers, not Nomu Finance. We do not provide insurance advice, recommend insurance, or act as an insurer. Insurance is always optional, and choosing whether to take out insurance is entirely up to you.

Nomu works with Autosure Insurance Limited, one of New Zealand’s established providers of vehicle and loan-related insurance products. If you choose to take out insurance, Nomu may receive a commission from the insurer. All insurance policies are issued, administered, and underwritten by Autosure, and are subject to the policy’s terms, conditions, exclusions, and limits

Mechanical Breakdown Insurance (MBI)

Mechanical Breakdown Insurance helps cover the cost of certain mechanical or electrical failures that may occur during normal vehicle use.

MBI may include cover for:

• Mechanical and electrical repairs (subject to policy limits)
•  Parts and labour costs
• Additional components or consumables, depending on the policy
• Towing and roadside assistance
• Access to a nationwide repair network

This is a summary only. Full terms, conditions, exclusions, and benefits are set out in the policy documentation provided by Autosure.

Loan Protection Insurance

You can find more information on Autosure’s website: https://autosure.co.nz/products/mechanical-breakdown-insurance/

Loan Protection Insurance is designed to help cover loan payments if you are unable to meet them due to certain unexpected events.

Loan Protection Insurance may include cover for:

• Involuntary unemployment
• Temporary or permanent disability
• Serious illness or injury
• Limited cover in the event of death (depending on the policy

This is a summary only. Full terms, conditions, exclusions,waiting periods, and benefit limits apply.

You can find more information on Autosure’s website:
https://autosure.co.nz/products/loan-protection-insurance/‍

About Autosure

Autosure Insurance Limited is a licensed New Zealand insurer, member of the Financial Services Federation, and follows the Responsible Credit-Related Insurance Code. You can learn more about Autosure at https://autosure.co.nz/about-us/‍

How to apply

You can ask about optional insurance when you apply for your loan or after approval.

Important information

Nomu Finance does not provide insurance advice. We can explain what’s available, but the choice to take out insurance is entirely yours.

If you decide to include insurance, the cost is added to your loan amount. Always read the policy documents carefully to understand what’s covered and what’s excluded. We suggest you seek independent financial advice.

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