Insurance provides financial protection for the possibility of a car accident. Unfortunately, if you buy a new car and total your vehicle, many insurance policies will not cover the total cost of your loan. You will only get money for the fair market value of the ruined vehicle.

GAP insurance provides you with the extra coverage you need so that you don't get stuck with a car loan for a vehicle you can no longer drive.


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— (@adulting101how) September 25, 2017


GAP insurance is Guaranteed Asset Protection that protects you from a financial loss if you total your car. Rather than just covering the value of the car, GAP insurance will reimburse you for the total cost of your car loan.

To learn more about your GAP insurance options, contact the experts at Pines Lincoln in Pembroke Pines, FL. Our finance staff can tell you about the options available to make sure you have all the insurance you need when you buy a new car.

Categories: Finance