Why Not GAP?


You've probably heard a pitch from someone about GAP Insurance. You might think it could never apply to you. The unfortunate thing is, accidents do happen. GAP insurance is designed to be there when and if you need it. Guaranteed Asset Protection (GAP) insurance works by paying the difference between what you owe on your vehicle and what it is deemed to be worth.

Your regular insurance company might give you a certain amount for your vehicle in the event of an accident. You might still owe way more than that vehicle is worth. It happens all the time because of finance plans. Many of us buy cars on long terms with finance charges. This means you might owe more than your car is worth for the first several years.

GAP insurance becomes invaluable because it provides a cushion in case of an unexpected accident. A vehicle owner wouldn't be facing additional costs from what they owe. You can visit the dealership today for more information on how GAP insurance can benefit you.
Categories: Finance

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