How GAP insurance helps you

People with a car loan have to carry many types of car insurance, including liability, collision and comprehensive coverage. But there is another optional coverage that you should consider to protect your new car in the event of a serious accident.

GAP, or guaranteed asset protection, insurance provides an extra layer of protection for your new car. If your newer car is totaled in an accident, it might actually be worth less for insurance purposes than what you owe on your loan. That could leave you still making payments on an unusable car. In such a case, GAP insurance covers the "gap" between what you owe on your loan and what your insurance company is willing to pay out.

If you are looking for a new car, come to Quality Mitsubishi. We've got a wide variety of new cars, and we also can provide you with a GAP insurance policy. Contact us today.

Categories: People, New Inventory, News, Finance

Comments

Nothing posted yet.
)