1300 301 051
GAP Insurance

Guaranteed Asset Protection (GAP) Insurance offers cover in the event that your vehicle is written off or stolen, where a shortfall may occur between the amount owing on your finance and the amount paid out under your Comprehensive Car Insurance policy.

Shortfalls may occur due to a number of reasons, such as when the vehicles agreed or market value falls faster than the loan balance on your finance. Purchase related expenses such as dealer delivery, stamp duty, registration and Comprehensive Car Insurance, all of which can be included in your car finance, do not increase the value of the vehicle, hence being a contributing factor that may result in a shortfall.

For further information on GAP Insurance please contact us.