GAP Insurance
(Auto Equity Shortfall)
Buying a new car is an exciting but often expensive exercise. Many people borrow money to buy the vehicle of their dreams and at the time of purchase also wisely take out insurance cover to protect their investment.
If your car gets stolen or damaged beyond repair and your insurance company makes their payment for the insured value of the vehicle, there may still be an amount owing on the loan or the finance. Don't be caught short owing loan repayments for a vehicle you don't have any more.
You can choose cover up to a $10,000 shortfall that will be paid directly to the finance company. Additionally you have the option to select coverage of up to $2,500 for out of pocket expenses and, provided your claim is accepted, our cash benefit will be paid - even if there is no shortfall.
Get yourself financial security with Auto Equity Shortfall Insurance.
How GAP shortfall works
