Junk insurance is an Aussie term to describe add-on insurance policies which are added to loans and credit cards. Common examples are consumer credit insurance and guaranteed asset protection (GAP) that are added onto loans with the rest of the paperwork. You might have paid for junk insurance accidentally over the years. If you’ve purchased a car or gotten a credit card or home loan, you may have unintentionally paid for junk insurance or a rubbish warranty. If you've been sold insurance without your consent or knowledge, Claimo is here to help refund your money back.