Guaranteed asset protection

Guaranteed Asset Protection (GAP), protects you financially against the loss of your vehicle. If your vehicle is under finance and deemed a total loss through accident or theft, GAP pays any shortfall, up to $10,000, on the finance of your vehicle. For example, if your vehicle finance amount was $15,000 and the market value of your vehicle is less than $15,000, there will be a shortfall amount that you're required to pay your finance company.

What is GAP

GAP not only covers the vehicle finance shortfall, but pays up to $2,500 on out-of-pocket expenses, such as:

  • on road costs for your replacement vehicle
  • new insurance on your replacement vehicle
  • the excess amount on your total loss through accident or theft
  • the hire of a rental vehicle, up to $100 a day, for five days.

Loan & payment protection

Covers loan repayments in cases where the insured may become totally disabled through accident or illness, or is made redundant or declared bankrupt. In such cases the policyholder is protected against having to make payments for the duration of the disability, redundancy or bankruptcy. In the case of the insured's death, the balance of outstanding payments (less any arrears) will be paid.

Contact info

Sales opening hours
Monday — Friday: 8:30am — 5:30pm
Saturday*: 9:00am — 5:00pm
Sunday: Closed

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