GAP INSURANCE

ALL ABOUT GAP INSURANCE

GAP Insurance

Afraid of being upside down on your loan?

Have you ever thought about the financial implications of a major accident if your insurance doesn't fully cover your car loan? GAP insurance might be the solution you need! GAP stands for:


Guaranteed
Asset
Protection


If your vehicle is declared a total loss after an accident, GAP Insurance covers the gap between the amount you owe on your loan and the payment you receive from your insurance company for the damaged vehicle.

*GAP covers up to 150% of the value of the vehicle

gap insurance

Close the gap between the original price you paid for your car and the amount your insurer reimburses you based on its value at the time of the claim.

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