Guaranteed Asset Protection (GAP)
GAP provides you with a certain level of financial protection when your vehicle is deemed a total loss from your comprehensive insurer and it can no longer be repaired for safe use. GAP cover will pay the financier the shortfall amount on your loan based on the payout figure settled by your comprehensive insurer at the time of the incident.
Additional benefits also apply; GAP gives you financial assistance towards your next vehicle paying up to $4000 for out of pocket expenses and if you happen to have no shortfall at the time of an incident then up to $2000 still applies for out of pocket expenses. Your level of cover will determine how much shortfall and additional benefits will be paid.
Your CLC Online consultant can assist you in arranging the right level of GAP cover to suits your vehicle and needs. GAP cover can also be included within your loan repayments to be easily managed. Enquire Now for GAP cover and don’t fall short!*