Guaranteed asset protection

If you got a loan to buy your vehicle and it’s damaged beyond repair in an accident, your car insurance might not cover what’s left on your loan. This is a really annoying situation, because not only are you without wheels, you also have to pay off whatever the insurance didn’t cover and this may also make it difficult to finance a replacement vehicle. That’s where guaranteed asset protection (GAP) can help.

 

Reasons to get our guaranteed asset protection

  • Pay off the remaining balance of your loan if your car insurance doesn’t cover it
  • Avoid having to pay money for something you no longer have
  • Protect your credit rating by repaying the loan in full
  • Improve your chances of getting a loan for a replacement vehicle
  • Get back on the road sooner

 

For the full terms, conditions and benefits, please refer to the policy booklet.

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