Yes, premium finance with Zego Credit is a type of loan.
It’s not part of your actual insurance cover. It’s a credit agreement that helps you pay for your insurance by breaking the cost into monthly payments.
Think of it like this:
Your insurance policy explains what you’re covered for.
Your credit agreement outlines how you’ll pay for that cover.
These are two separate contracts. You’ll have insurance with Zego and a loan (or credit agreement) with Zego Credit.
Your finance agreement clearly sets out:
How much you’re borrowing to pay for your insurance.
How and when the loan needs to be repaid.
What happens if you miss payments or don’t stick to the agreement.
We’ll email you a copy of your credit agreement when you buy your policy.