Gap Insurance


Why choose Gap Insurance?

Protects you from a possible gap between your comprehensive insurance payout and the amount owing on your loan if your car is stolen or written off.

Protects you up to $10,000 Show content

Gap Insurance protects you from a possible gap between your comprehensive insurance payout and the amount owing on your loan up to $10,000

Cash benefit up to $3,500 Show content

In the event of a total loss and your comprehensive motor insurer has accepted your claim we will pay up to $3,500 in respect of out of pocket expenses

Cover for the life of your car loan Show content

Gap insurance cover remains in place until your loan is paid out, the seventh anniversary of your policy or you no longer hold a comprehensive motor insurance policy.

Choose how to pay Show content

You can pay your premium in one lump sum or by funding it into your loan contract. Talk to a CUA Personal Lender today.

Gap Insurance

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Important information Important information Show content

Any advice contained on this website is general advice only and does not take into account your objectives, financial situation or needs (your “circumstances”). Before making a decision please consider whether the advice is appropriate to your circumstances, as well as the relevant Product Disclosure Statement and Financial Services Guide .

Policy terms, conditions, limits, exclusions and underwriting criteria apply. Credit Union Australia Limited ABN 44 087 650 959 AFSL No. 238317 (CUA) arranges this insurance on behalf of the insurer Credicorp Insurance Pty Ltd ABN 50 069 196 756, AFSL No. 238335 (Credicorp). Credicorp is a wholly owned non-guaranteed subsidiary of CUA. All benefits under the policy are payable solely by Credicorp.

General Insurance Code of Practice
Credicorp Insurance is committed to the principles of the General Insurance Code of Practice. This is a self-regulatory Code that aims to raise the standards of practice and service in the insurance industry by:

  • Ensuring material is written as clearly as possible so that you, the consumer, can more easily comprehend the policy and associated documentation
  • Improving training and supervision to ensure a high standard of people representing insurers
  • Providing a pathway for effective claims handling and dispute resolution
Further information about the Code can be obtained from the Insurance Council of Australia at www.codeofpractice.com.au or from Credicorp Insurance Pty Ltd.