When Should GAP Insurance Apply to You?

GAP insurance, which stands for Guaranteed Asset Protection, is the distinction between the actual cash cost of a car and what still owed on the financing. Gap coverage is used on used and new small vehicles and heavy trucks. Insurance is a vital component to owning a car. You run the risk of dishing a lot of money without the proper coverage. To protect yourself, you need to be sure your coverage has everything you need.

That’s where GAP insurance from Lithia Chrysler Jeep Dodge of Eureka comes to your rescue. This coverage can be introduced to your auto policy while you are paying off your loan if your vehicle gets totaled.

Consider GAP insurance in the following ways:

  • Finance a medium for 60 months
  • Lease a vehicle
  • Put less than 20 percent on an automobile
  • Select a vehicle model with a high rate of depreciation

Protecting such an investment is worth a call to your local sales representative. To learn more about your automobile insurance, stop in and find out at 4320 Broadway Street today!

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