Skip to main content

Gap Insurance

By September 4, 2014May 21st, 2020Insurance


You have signed all the paperwork to purchase a new car.  So what happens if your new ride is totaled in an accident shortly after you drive it off the lot?  Insurance will take care of the whole thing, right?  Maybe, maybe not.

 Gap insurance covers the difference between what a car is worth and what you owe on it. It can provide valuable protection during the early years of your car’s life if you have a loan or a lease.

Also keep in mind, gap coverage can be added to an auto policy through an insurance agent for usually less money than the cost of buying the coverage from a car dealership.

Call us to discuss this often overlooked low cost addition to your auto insurance policy.