Most leases, chattel mortgages and hire purchase agreements require the lessee to take out asset insurance to cover the finance company’s risks such as theft or damage for the full replacement value of the equipment and any relevant fit out costs.
The policy does not cover the following equipment types:
Equipment that is waterborne
Aircraft or watercraft
Automobiles and any self-propelled vehicles or machines primarily designed and licensed for road use
Those used in mining, logging, oil or gas explorations or processing
The policy does not cover losses caused by the following:
Perils which are not specifically listed
Loss of market, transit delay, obsolescence, business interruption or any other consequential/indirect cause of loss
Mechanical or electrical breakdown
Error or omission or deficiency in material design
Processing operations of computer equipment
Shortage or disappearance of insured financed equipment that is found after taking inventory
Dishonest or criminal acts by shareholders, directors, trustees or partners
Military or government action
The release, discharge or dispersal of contaminants or pollutants
Liability claims for bodily injury or property damage suffered by third parties
Medfin Finance Australia | Finance,Healthcare Professionals
The Medfin difference Medfin's approach to finance is different to traditional finance companies.
Our clients are healthcare practitioners. Product range, credit policy and high quality, individual service is what sets Medfin apart. From the flexibility of our repayments, to our ability to offer you finance for up to 100%* of the purchase price of your:
you will notice the difference that Medfin's healthcare industry experience brings to everything we do.
Consider it Done
At Medfin; 'Consider it Done' is our philosophy, client response time is quick and approvals are fast. Paperwork and red tape is kept to a minimum. We understand that your time is important, that's why our Relationship Managers come to you, during or after practice hours.
We consistently deliver the high level of service that healthcare professionals require.
Across Australia, Medfin has offices in Sydney, ACT, Melbourne, Brisbane, Adelaide and Perth. And our regional offices provide service to practitioners in Newcastle, Central Coast, Parramatta and North Queensland. Your local Medfin Relationship Manager lives in your state or territory and has a professional relationship with local industry suppliers and professional associations. The benefits of these relationships are passed on to you. Our local area experience helps you to purchase equipment or to set up your practice quickly and simply.