Wednesday, November 11th, 2009 - POMI - Peace Of Mind Insurance

Car buyers can log on to, to learn about Motor Gap Insurance (Loan Protection), Depreciation Insurance for cash purchases, various Extended Warranties and purchase online.

Gap Insurance cover provides for 'The Gap' between the Insurance payout of your motor vehicle after 'Total Loss' and the balance of your loan up to $15,000. In addition to that, there is another payment made to you to cover inconvenient out of pocket expenses. These unforseen costs can include damaged items, insurance excess, and the banks' break fees.

An online insurance process has never been quicker and easier. “We focused on the process of purchasing our products,” Peter Law; Principal of POMI. “While most scenarios are accepted, we decided that our clients shouldn’t have to spend more time than necessary filling out our forms and processing their payment.”

You can either pay in full or take up the convenient 12 month payment option, and the once off premium covers the term of the loan. Importantly both of these options allow consumers to radically reduce their future risk of ‘minus equity’ when buying their next car. ‘Minus equity’ has been an ever growing problem as quite often consumers have to rollover the loss of money from one loan into another.

People who have existing loans without ‘Gap Insurance’ are welcome to purchase through POMI, no matter how long their loan has been going.

Car dealerships have many ways to make their money and offering these products in the “pressure” environment inside the finance department is one of them.

POMI – Peace Of Mind Insurance is a progressive organisation focusing on online awareness for consumers by offering these products much cheaper than at the dealership. The consumer wrestles back more control over their purchase by separating the important insurance products from the dealership sales people.

By doing so consumers save on interest, save money on the insurance cost, lower loan repayments, reduce the risk of minus equity, while owning more of their vehicle at the time of trade in. It’s good business.

For more information contact:

Peter Law

Principal POMI

Tel: 1300 797 833


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POMI - Peace Of Mind Insurance

POMI is a business dedicated to providing a range of competitive Motor Insurance Products.

When buying insurance through POMI; you are assured of competitive rates because our overheads are kept to minimum thanks to web-based marketing. Our process bypasses the motor dealers, the sales pressure and high prices that could apply to you.

Our Clients are in control.

Mr Peter Law
P: 03 9690 0303
M: 0412 265 095


POMI – Peace Of Mind Insurance: Focusing on giving consumers more control over the purchase of their new car at motor dealerships.


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