Why GAP Insurance is Necessary

You may buy a car today, and after two days it is wrecked. Unfortunately, you bought it with a loan. Standard auto insurance cannot compensate you the actual value of the car. It only pays the present value after considering depreciation. Soon after the car leaves the dealership, it loses up to 11% of its value. This gap means that there will be some lost amount.


GAP insurance ensures that this loss does not happen. It covers the difference between the actual and present value of the vehicle. Despite the totaled car, you will still manage to service your auto loan. Visit our dealership today and learn more about GAP insurance. Although it is available at other insurance firms, our dealership ensures convenience. We make it a smooth and easy process for our customers. They leave as happy and protected customers, ready to enjoy their new car.
Categories: Finance