GAP Insurance Ins and Outs

Insurance is always a sound investment, but with GAP insurance, you're covered when in a pickle. Purchasing a Guaranteed Asset Protection is a smart, optional, and sound investment that protects you in dire times. It's offered to car owners as a form of additional coverage.

What GAP insurance does is essentially cover the difference, in an accident, between what you owe and what your car is worth. For example, if you were in an accident that cost you $30,000 worth of car payments, and your car was worth $20,000, GAP insurance would cover that cost.

Purchasing GAP Insurance is typically handled through a car dealership, and you will be given the option to purchase it as an add-on. With this asset, you can comfortably, reliably, and proactively protect yourself as well as your car from damages. Your peace of mind will improve knowing that you're insured to the fullest extent.
Categories: Finance


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