Guaranteed Asset Protection

Value GAP

In the event of your vehicle suffering an insurance total loss within the geographical area and occurring within the period of insurance, the insurer will pay you the difference between the market value of your vehicle at the point of total loss and the market value of your vehicle at the time of purchase, or the purchase price, whichever is the lower. 

The most the insurer will pay will be the amount shown on your schedule.

For full details of this insurance including terms and conditions and exclusions please ask us for the key facts document.

Finance GAP

In the event of your vehicle suffering an insurance total loss within the geographical area and occurring within the period of insurance, the insurer will pay an amount equal to the difference between the market value of your vehicle at the point of total loss and outstanding finance balance relating strictly to the purchase of your vehicle, less any arrears, rebates or refunds for creditor insurance.

For full details of this insurance including terms and conditions and exclusions please ask us for the key facts document.