What is Gap Insurance?

Finance Paperwork with Glasses

What is gap insurance? Specifically, what is gap insurance on a car? Guaranteed asset protection insurance can provide Bridgewater drivers with added peace of mind for a very affordable cost. Gap insurance is designed to take care of the difference between what your vehicle is currently worth and how much you still owe on your loan. Flemington INFINITI has all of the details on this optional and highly recommended form of insurance coverage, and if you are interested, you can reach out to our finance experts at any time for additional information.

What is Gap Protection?

What is gap protection? Not only does gap insurance take care of the difference in your vehicle’s value and the amount you owe on it, it protects your vehicle from a variety of hazards so you can drive with confidence in Princeton, NJ. Keep in mind that gap insurance does not cover bodily injuries, mechanical repairs, or your deductible. However, it does take care of:

  • Theft
  • Fire
  • Vandalism
  • Accidents
  • Nature damages (tornado, hurricane, flood, etc.)

If these unexpected inconveniences occur, gap insurance can help protect you from steep out-of-pocket expenses. 

Is Gap Insurance Worth It?

If you are considering gap insurance, you may be wondering if the cost of gap insurance is worth it. At Flemington INFINITI, we believe that gap insurance is a smart investment. Because your new car depreciates as soon as you leave the dealership, you may quickly end up owing more on the vehicle than it is actually worth. If you are involved in a collision early on in your vehicle ownership, it can end up becoming a major financial burden. 

How Can I Get Gap Insurance?

If you are interested in gap insurance, you can secure that coverage through your auto insurer. This may be through the dealership or an insurance company that specializes in auto coverage. Gap insurance will likely cost Bensalem, PA drivers as little as $20 a year plus the one-time fee at the time of purchase.

Flemington INFINITI Makes Car Ownership Hassle-Free

From helping you find the right insurance coverage to keeping your vehicle in pristine condition for many years to come, Flemington INFINITI is dedicated to helping you protect your automotive investment. Contact us today if you have any questions.

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