Automotive Loan GAP Insurance
Silver Policy
Cover for $10,000 gap and $1500 additional expenses.
(Total cover limit is $11,500)
Gold Policy
Cover for $20,000 gap and $5000 additional expenses.
(Total cover limit is $20,000)
Acceptable Vehicles
All Models of Vehicles
Vehicles up to 7 years of age
About Automotive Loan GAP Insurance
Automotive Loan GAP Insurance provides peace of mind for you and your family. That peace of mind comes from knowing that, should your Motor Vehicle be written off, the difference between the insured value of your car and the outstanding loan amount will be paid.*



If your vehicle is written off at 24 months, the payout figure on your loan is $10,000 and the market value of your vehicle is $5,000, you will be left with a GAP payment of $5,000 owing on your vehicle loan.
GAP insurance will cover the outstanding amount of $5,000 *.
* (subject to policy conditions).