Guaranteed Asset Protection Insurance (GAP)

Guaranteed Asset Protection Insurance (GAP) protects you against losses that may occur when your vehicle is declared a total loss and the total loss settlement amount paid by your vehicle insurer is less than the outstanding amount you owe to your financier for your vehicle loan. GAP can only be taken out at the time of the vehicle sale and can only be purchased in conjunction with a credit contract.

 

Maximum loan amount $100,000. Maximum loan term 60 months.

 

Benefits

• Choice of main benefit options
• Range of additional benefits to help with the costs of replacing your car
• Protects your household income for other purposes

This is a summary only – please see the policy document for full terms, exclusions, conditions and benefits.

View Guaranteed Asset Protection Insurance (GAP) FAQs

To view the policy document, click here

 

 

Payment Protection Insurance (PPI)

Payment Protection Insurance (PPI) protects you for the repayment of your loan obligations to the financier if you suffer an insured event. The benefits are payable directly to the financier and the policy cover options are specific to your source of income at the time of entering into a credit contract.

Benefits

• No medical examination is required
• Redundancy benefit of up to 12 months
• Protects your household income for other purposes and your credit rating

This is a summary only – please see the policy document for full terms, exclusions, conditions and benefits.

View Payment Protection Insurance (PPI) (GAP) FAQs

To view the policy document, click here

 

 

If you can't find the information you are looking for, call 0800 TURNERS (0800 887 637) or email us at contact@turners.co.nz and we'll be happy to help.