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Guaranteed Auto Protection (GAP)

Guaranteed Auto Protection (GAP)

GAP Auto Protection Specialists


It is no secret that cars depreciate in value. When you borrow to fund the purchase of your new car you can often owe more on your car than it’s market value exposing you to a ‘gap’ or shortfall in the event that your car is considered a total loss by your Insurer.

If your car is written off in an accident or damaged by flood, hail or fire your Insurer will pay your loan provider the market or agreed value of your comprehensive motor insurance policy less any applicable excess. This amount is usually much less than the total amount owing leaving you with a ‘gap’ or shortfall that your loan provider will want you to pay. Failure to pay can lead to court action and affect your chances of financing a replacement vehicle.

A ‘gap’ or Shortfall Policy will give you peace of mind by knowing that your ‘gap’ or shortfall is covered. You can also choose to have an additional cash benefit to pay for any unexpected out of pocket expenses such as car rental, insurance excess or anything else you choose.

Please read the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) when choosing any insurance product and consider carefully which product and level of cover is appropriate for you.


The information on this website is intended to be general in nature and is not personal advice. It does not take into account your financial objectives, current or future financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial or insurance product having regard to your objectives, financial situation and needs. In particular, you should seek independent advice and read the relevant Product Disclosure Statement (PDS) prior to making a decision.

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