Complimentary rental vehicle excess in Australia insurance
Changes effective 1 November 2023
Please read this summary of changes to understand how it will affect your complimentary card insurance policy.
Key features
If your NAB card offers complimentary rental vehicle excess insurance in Australia, here are a few reasons to use that feature.
Eligible NAB cards
The following NAB cards include complimentary rental vehicle excess insurance in Australia.
Eligible purchases
Cover may be available if the entire payment for the vehicle rental was charged to the account holder’s card account and your rental vehicle agreement specifies an amount that is payable in the event the rental vehicle is damaged or stolen while in your custody.
Policy coverage
Designed to cover you where your rental vehicle was rented in Australia and is involved in an accident while you are driving it or is damaged or stolen.
For the full list of benefits and the terms, conditions, exclusions, limits, applicable sub-limits and excesses that apply, please read the NAB Card Insurance Policy Information Booklet effective 1 November 2023 (PDF, 489KB), opens in new window.
What may be covered
Below is a limited summary only. For the full list of benefits and the terms, conditions, exclusions, limits, applicable sub-limits and excesses that apply, NAB Card Insurance Policy Information Booklet effective 1 November 2023 (PDF, 489KB), opens in new window.
This insurance covers the lesser of, the amount of excess you are liable for under the rental agreement or property damage for which you are liable up to $10,000 for Level 1 Cards and $5,000 for Level 2 Cards.
What isn’t covered
Below is a limited summary only. For the full list of benefits and the terms, conditions, exclusions, limits, applicable sub-limits and excesses that apply, please read the NAB Card Insurance Policy Information Booklet effective 1 November 2023 (PDF, 489KB), opens in new window.
Examples of what’s not covered include:
- using the rental vehicle in breach of the rental agreement or without a licence.
Other complimentary insurances
If you have an eligible NAB card, and make an eligible purchase, these complimentary insurances may also be available.
How to make a claim
The most convenient way to claim is to use the claims form and email the Allianz Global Assistance (AGA) claims team, or call AGA on the numbers below.
Download the relevant form and email our insurance provider Allianz Global Assistance.
Call
Call Allianz Global Assistance (AGA) Monday to Friday, 8:00am to 7:00pm (AEST/ADST).
Australia: 1800 187 025
Emergency assistance is available 24 hours a day, seven days a week. Calls from mobiles, public telephones or hotel rooms may attract additional charges.
Australia: 1800 010 075
Overseas: +61 7 3305 8800
Terms and Conditions
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AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631, trading as Allianz Global Assistance (AGA), under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz), has issued an insurance group policy to National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian credit licence 230686 (NAB) which allows eligible persons to claim under it as third-party beneficiaries.
Access to the benefit of cover under the NAB card insurances is available to eligible NAB cardholders and other eligible third-party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth). Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice. The insurance is underwritten by Allianz. NAB is not the product issuer or insurer and neither it nor any of its related bodies corporate guarantee any of the benefits under this cover.
If an eligible person wishes to claim any of these benefits, they will be bound by the eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits of the group policy set out in the NAB Card Insurance Policy Information Booklet effective 1 November 2023 (PDF, 489KB), opens in new window, which may be amended from time to time. For insurable events that occurred prior to 1 November 2023, please refer to the NAB Card Insurance Policy Information Booklet Effective 30 June 2022 (PDF, 604KB), opens in new window.
For more information about the changes visit Information about changes to complimentary insurances.