Currently, there are two class actions involving junk insurance purchased via dealerships. In November 2019, the Maurice Blackburn law firm filed a class action against Allianz Australia Insurance Limited.
They did so again in March 2021 against AAI Limited and Asteron Life & Superannuation Limited. The insurance products sold by the car dealers were complex financial instruments and offered very limited protection.
The insurers were also accused of paying substantial commissions to the dealers in exchange for promoting these add-ons. Unfortunately, these policies don’t offer any value to the customers.
Is a Class Action Worth It?
While these class actions are of some importance from an awareness point of view, individual consumers are not the main focus in the process and the outcome for the individual is often far worse than if a direct claim was made. Once an individual joins a class action, they forfeit the right to recover compensation as an individual if they’re unsatisfied with the outcome.
Get My Refund takes a different approach, we focus on each victim individually and work in the best interest of our clients. We’ll help manage the entire process for you and work towards helping you win the maximum refund.
Who Is Eligible for the Refund?
You might be eligible for the MTA refund if:
- You bought or leased a car in a dealership.
- You bought or leased a car with a loan provided by the dealership.
- Along with buying or leasing a new vehicle, you’ve also bought any of the add-on policies issued by MTA Insurance. These include Tyre and Rim Insurance, Commercial Credit Insurance (CCI,) GAP Insurance, Cash Benefit Insurance, and Extended Car Warranty Insurance.
Note: the time frame for these purchases is 1 May 2006 – 30 June 2018.
If you’re not sure about whether you qualify, all you have to do is fill out a form and let Get My Refund do the rest.