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What is GAP insurance on a car? GAP Insurance, or Guaranteed Asset Protection Insurance, covers the difference between the balance owed on the vehicle and the vehicle’s original value. What is GAP protection, and is it different from GAP insurance? Apart from offering the same benefits as GAP insurance, GAP insurance covers much more to protect your vehicle. Learn more about the difference below, or visit us at Benzel-Busch Family of Dealerships whenever you are in the Tenafly, NJ area.
So what is GAP protection, and what are the benefits for Ridgewood, NJ drivers? While it doesn’t cover bodily injuries, mechanical repairs, or your deductible, it covers:
This type of coverage is handy when regular insurance won’t cover all these unexpected inconveniences. You never know when you’ll need it, so it’s better to be prepared with GAP insurance.
Absolutely! GAP insurance means protecting your vehicle investment when something unexpected occurs, like theft. Since your vehicle depreciates the second you drive off the lot, this insurance will cover the gap between its worth and what your insurance will cover if you get into an accident.
You can get GAP insurance through your auto insurer, whether through your dealership of choice or through a business that deals explicitly with auto coverage. If you decide to get covered, it’ll cost as little as $20 a year, plus the one-time fee at purchase.
Now that you know the answer to the question “What is GAP insurance on a car?”, contact our dealers at Benzel-Busch, Mercedes-Benz of Orange County, Audi Meadowlands, and Genesis of Englewood. Our knowledgeable staff is standing by to help answer any questions and guide you through getting comprehensive coverage for your vehicle so that it’s covered on Harriman, NY drives.
You can also refer to our car-buying tips to help you further understand auto loan finance rates, buying vs. leasing, and more. We look forward to helping you make an informed choice when you finance or lease a vehicle.
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