For over 40 years, Grace Auto Group has been working with Morrisville, Bristol, and Levittown, PA, drivers to help keep them safe and secure physically and financially with GAP insurance. We know cars, and we know how important your ride is to you. With GAP insurance, you’ll still feel confident even after your vehicle has been involved in a serious accident.
On this page, our team at Grace Auto Group goes more in-depth about what GAP insurance is, how it can benefit your lifestyle, and how it works. After reading, reach out to one of our team members to discuss this insurance program further. Let’s get started.
GAP (Guaranteed Asset Protection) insurance helps you cover the cost of your auto loan if your vehicle has been in a collision, fender bender, theft, and more. At our dealership, we know that accidents can happen. We also know how stressful a damaged car can be to your hustling and bustling lifestyle. This insurance plan can help protect your auto finances even when times are tough.
This program is available for new and used vehicles from our dealership. All you have to do is sign up for the plan when financing your vehicle. Coverage is available for all financial agreements up to 96 months!
Let’s say for instance your vehicle is involved in a T-boning situation that leaves your car totaled. You still have to pay $20,000 back on your auto loan. Let’s say your insurance company can help you pay for about $17,000 worth of the cost, leaving you with a $3,000 outstanding balance.
With GAP insurance, we’ll cover that remaining cost for you! Without GAP insurance, you’d be paying this fee out of pocket to help you settle your auto loan. GAP insurance covers the amount between what you owe, and what your vehicle is worth.
This insurance program also covers what insurance won’t, which can include a deductible of up to $1,000!
GAP insurance takes away the financial stress that comes post-collision. Besides protecting your finances, GAP also offers these perks:
You’ll most likely benefit from GAP insurance most when your vehicle has been stolen or totaled. Totaled often refers to repair costs exceeding the value of your vehicle. So, in this instance, GAP insurance would help you cover the remaining cost of your auto loan instead of helping you fix up your cruiser.
GAP insurance does not work in these cases:
Stop by Grace Auto Group near Morrisville, Bristol, and Levittown, Pennsylvania, today to discuss GAP insurance with a member of our team today.