Gap Insurance! Is It Worth for You?

Technically, Gap means guaranteed auto/asset protection. It bridges the gap between what your car insurer pays out in the event of total loss and the amount you owe on your car loan. Your car start depreciated immediately you drive out of the showroom. In the event of total loss, GAP comes to your rescue by armoring the finances you had put on the vehicle.

In the event that your car is totaled or stolen and you had only paid a 20% down payment, you may owe your insurance company more than the value of the car. Gap comes in and assists in settling the balance. A lessor may require a Gap insurance in the event of car lease. Gap insurance may pay the difference of a rolled loan from one car to another in the event of total loss. Gap insurance indemnifies families with single vehicles in case of total loss.

The list of benefits is endless. To purchase Gap insurance visit us Bert Smith BMW here in Saint Petersburg.

Categories: Social