Guaranteed Asset Protection insurance (GAP)

Don’t get
caught short

Accidents happen and vehicles are stolen, and in these scenarios, you don’t want to be stuck with a residual loan balance on wheels you can’t use.

Guaranteed Asset Protection insurance steps in if your vehicle is declared a total loss under a Comprehensive Vehicle Insurance policy and the claim payment is less than the outstanding loan amount you owe: in short, GAP is designed to pay the shortfall between a claim payment and the outstanding loan balance.
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The benefits

Mind the gap
Below are a few key points about Guaranteed Asset Protection insurance (GAP) and what it offers. For specific details, always refer to the policy documents for full terms, exclusions, conditions and benefits – just ask the better team for more information.

Protect your savings

GAP protects your pocket by covering the difference between your loan balance and the total loss claim payout from your vehicle insurance.

Choice of cover

Choose the level of cover that’s right for your financial needs - $5,000 or $10,000. Cover the potential shortfall your way: insure all, self-fund or a mix of both.

Get back on the road

Select additional benefits to get back on the road in a new set of wheels, for example; cover for delivery and registration charges on your replacement vehicle, and more.

Tailor to your ‘gaps’

Manage your premiums by picking features and levels of cover that are right for your needs. Get your GAP just right for you – not too much; not too little.

FAQ

Important GAP FAQs
Read about terms, conditions, benefits and more in these common FAQs about Guaranteed Asset Protection insurance.

More FAQs?

Can I see the full cover list of components covers in my Extreme Plus Warranty?

Electric Vehicles – what’s the fine print?

How do I make a claim?

Is my policy Transferable?

Is there a Cool down period?

Would you like to read more?

Download the documentation about Quest GAP

Have a question? We’re here to help

Our 20+ strong team are better-borrowing champions – we’re for any questions, big or small.

Or request a call here:

One of the team will call you asap within business hours

1.* Rates of 6.95% subject to lending criteria and eligibility. 1 hour approval and same-day payout subject to the applicant meeting the lending criteria and supplying all the required information to process the loan application.
2. Our lender will independently assess whether you are eligible for a loan. We don't provide advice on whether a particular car loan offered by a lender is suitable for you.