Apply online for a personal loan or call us on 0800 299 399
Apply online for a personal loan or call us on 0800 299 399

Guaranteed Asset Protection (GAP) Insurance

A motor vehicle related insurance product that covers a shortfall of up to $5,000 between the payout received from an insurance company in a total loss situation and the settlement value of the vehicle finance.

For example: If you borrow $20,000 to buy a car and the insurance payout is less than this, you are not only without a vehicle, there is a shortfall or "gap" that you still owe. GAP Insurance will pay that shortfall for you up to $5,000 (plus additional benefits) once your vehicle insurer has accepted your claim.

Additional Benefits:
These benefits are only available if the insured is over 21 years of age at the time the policy is taken out

  • On-road Costs Delivery charges and registration in relation to the purchase of your replacement vehicle
  • Premium Cover The Comprehensive Motor Vehicle Insurance premium will be paid in relation to your replacement vehicle
  • Excess Cover The comprehensive motor vehicle insurance excess in relation to the "total loss" vehicle will be paid
  • Rental Costs The cost of hiring a rental vehicle to a maximum of $100 per day and for a maximum of 5 days

Guaranteed Asset Protection Policy wording

Contact us now on 0800 299 399 or send us a message to make sure you've got any potential shortfalls covered.

*Guaranteed Asset Protection is underwritten by Protecta Insurance New Zealand Ltd. Refer to your individual Policy Document that will be provided on completion of your insurance application for full Policy Conditions.


© Finance Now Limited . FINANCE NOW, the Finance Now logo, FINANCE NOW MONEY YOUR WAY, MONEY YOUR WAY, QIK and the QIK logo are all registered trade marks of Finance Now Limited. All rights reserved.