What is asset protection insurance?

Asset protection insurance (API), sometimes called value protect insurance (VPI) is a product designed to provide you with protection if your vehicle is deemed a total loss by your comprehensive motor vehicle insurer.  The product will pay the greater of the following:

  • The loan settlement amount due to your financier less the total loss payment; and
  • The replacement vehicle value less the total loss payment. This is the amount paid towards your replacement vehicle.  When you apply for this product, they will agree to the replacement vehicle value. It cannot be more than the value of your vehicle at the effective date of the policy, up to the maximum sum insured, as shown on the policy schedule.


Should you get it?

Essentially, you’re protecting yourself against the potential shortfall that may occur between the purchase price of your vehicle and your comprehensive motor vehicle insurance payout if your vehicle is declared a total insurance loss ("written off"). This means you’ll be able to afford a replacement car similar to what you were driving, rather than potentially needing to downgrade after an accident.

What are the benefits?

  • Extra cover for out-of-pocket expenses
  • 5 year fixed term (policy does not end when loan is paid out)
  • Can be paid monthly
  • Different levels of cover, designed to suit your needs
  • If your insurance gives you a new vehicle instead of a payout you can transfer this policy to your new vehicle or ask for a refund.

If you want to find out if you’re eligible or you have any additional questions, contact a dedicated Stratton consultant today.

Looking for more information?

We've made it easy for you to find everything you need here.

EXCEPTIONAL, as good as Customer Service gets

I’ll keep this simple, if you want the BEST advice, the BEST service and the BEST product for your c... Product Review

Can't Recommend Highly Enough!!

Have purchased two vehicles through Stratton Finance and each time the service has been fantastic. S... Product Review

Stratton Finance A++

I've purchased 3 vehicles using Stratton and every time it has been hassle free. Not hidden nasties ... Product Review

Meet our network partners

As part of the carsales network, we have an exclusive panel of specialist lenders and industry partners that will protect and treat you right every step of the way.

Pepper Money









Thorn Group

Bank of Queensland



Get Capital

Axsess Today



Capital Finance

Ready to get started?

Get an instant quote or apply now online.