What is GAP insurance? Specifically, what is GAP insurance on a car? GAP Insurance, or Guaranteed Asset Protection Insurance, covers the difference between the value of the model and the balance still owed on it. When you want to apply for coverage, or if you just want to learn more, contact us at Grappone Automotive Group near Tilton. Our finance center can help answer your questions.
What is GAP protection? Apart from covering the difference between your vehicle’s value and the amount you owe on it, GAP insurance covers a lot more to protect your vehicle. While it doesn’t cover bodily injuries, mechanical repairs, or your deductible, it covers:
Having this type of coverage comes in handy when regular insurance won’t cover all of these unexpected inconveniences. You never know when you’re going to need it, so it’s better to be prepared with GAP insurance.
Absolutely! Having GAP insurance means protecting your vehicle investment when something out of the ordinary occurs, like the theft of your vehicle. And since your vehicle depreciates the second you drive off the lot, this insurance will cover the GAP between the worth of your vehicle and what your insurance will cover if you get into an accident.
You can get GAP insurance through your auto insurer whether that’s through your dealership of choice or a business that deals explicitly with auto coverage. If you decide to get covered, it’ll cost as little as $20 a year plus the one-time fee at the time of purchase.
If you’re ready to fully insure your new vehicle, contact our finance department at Grappone Automotive Group near Concord and Manchester. Our knowledgeable staff is standing by to help answer any questions you may have.
Fall in New Hampshire does not have to mean a big road trip. Sometimes the best seasonal plans are simple: a short drive, a local stop, a warm drink, and a little time outside before winter arrives. At Grappone Automotive Group, we know vehicles help connect people to the places that make New Hampshire feel…
There is nothing quite like autumn in New Hampshire, with crisp mountain air, vibrant foliage, and a local community coming together for a good cause. On September 30th, the team from Grappone Automotive gathered at Gunstock Mountain Resort in Gilford for a special day with the Bronco Wild Fund in support of the Lakes Region…
Fall in New Hampshire is one of the best times of year to be on the road. From colorful drives through the White Mountains to weekend trips to local farms, fairs, and fall events, there is a lot to enjoy before winter arrives. But as beautiful as the season can be, fall also brings changing…
