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We depend on our motor vehicles almost every day and in some cases a motor vehicle may be your most loved possession. That's why it is so important to have the appropriate cover to protect your vehicle against theft or damage.

Vero’s Secure Motor Plus Insurance offers some great benefits:

  • No Forms for Quotes. All you have to do is contact IMB by telephone, and we'll be able to arrange an obligation-free quote without having to fill out a single form.
  • Pay by the Month. To make things easy just pay-by-the-month at no extra premium. You can arrange to have your premium taken directly from your nominated account or credit card.
  • Simple Claims. When the unexpected happens and you need to make a claim, simply call 1800 687 766 and report your claim details.

Two Ways of Valuing your Vehicle under Comprehensive Cover

  • Market Value Cover. If your vehicle is a "total loss" you will be paid the market value of the car at the time of the accident or theft, less any policy excess.
  • Agreed Value Cover. If your vehicle is a "total loss" you will be paid the amount we agree to insure your vehicle for, less any policy excess.

Your vehicle is considered a "total loss" if it is stolen and not recovered or if it is damaged to the extent that it would cost more to repair than its value (less its salvage value).

Third Party Property Damage

If you are involved in an accident and your vehicle causes damage to someone else's property, this cover provides up to $20 million worth of legal liability cover. It can also cover you against your legal liability for the death or bodily injury of other people where you are not covered by any statutory insurance or accident compensation scheme in your state or territory.

Third Party Property Damage, Fire and Theft

This cover offers protection for third party property damage, plus cover for fire damage or theft of your vehicle up to $8,000, less any policy excess. This is available for cars with a market value of up to $8,000.

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Important Information:
All insurance is subject to acceptance by, and is issued by AAI Limited ABN 48 005 297 807 trading as Vero Insurance (Vero). This is only a summary of some of the terms of the Insurance. Please refer to the relevant Product Disclosure Statement (PDS) and Policy Wording and policy wording for the full terms of the insurance including exclusions and limitations. A PDS is available from IMB. You should consider the PDS before making a decision about this product. IMB will receive a commission for insurance arranged. Neither IMB Ltd nor any of its related companies guarantee the benefits payable under the insurance. All benefits are payable solely by Vero. You may take out the Insurance with any insurer of your choice. IMB receives commission for insurance arranged. All cover is subject to acceptance by Vero.

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Why choose IMB Bank?

Established in 1880, IMB has been helping people achieve their financial goals for 138 years. IMB offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking, financial planning and can arrange a wide range of insurance and travel products.

IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you. IMB members enjoy access to free automated phone and internet banking and a team of professionals who are just a phone call away at our locally based call centre.

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