The last thing you want to think about right now is a total loss on your new vehicle. GAP is Total Loss Protection and then some.
The moment you drive off your vehicle off of the lot, it depreciates about 20% on average. And you can count on roughly a 15% decline in value each year for the next four years. If your vehicle is stolen or damaged and deemed a total loss, you are responsible to pay the difference between what you owe and what your insurance company says your vehicle is worth. GAP can help cover the difference and potentially save you thousands of dollars.
Most types of vehicles are eligible, and you can generally include GAP coverage in your vehicle loan payment.
We offer GAP Insurance at a flat $450. Contact us today for more information!