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GAP Insurance

Guaranteed Asset Protection (GAP) is a policy that covers you when the payout on the loan contract exceeds the payout of your comprehensive insurance policy.

GAP Insurance pays the difference between the two when your vehicle is written off or stolen and not recovered.

To qualify for GAP Insurance, your vehicle must:
Be subject to a loan contract, and
Have comprehensive motor vehicle insurance
Loan Settlement Cover

If a total loss payment is made in relation to your vehicle by the your comprehensive insurer we will pay your financier the difference between the total loss payment and the loan settlement amount subject to the cover chosen by you.

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