Importance of GAP Coverage
The Importance of Gap Coverage
In the event of an accident, the damages may only be covered at actual cash value. When this happens the difference in the total damages and the insurance payout will fall on the owner of the vehicle.
GAP Coverage will cover the difference so that way you don't have to
With GAP coverage, you could be covered for the difference of these two amounts along with up to $1,000 of your deductible.
Is My Vehicle Eligible?
The vehicle must be within the following;
- A new vehicle (including, boats, trucks and SUV's)
- Used vehicles less than or equal to seven years of age (including, boats, trucks and SUV's)
- Must be vehicle for personal use only