What is GAP Insurance?

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. This can be especially helpful so you can drive and use your car around Cedar City without worrying about the what-ifs.

What Else Does GAP Insurance Cover?

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 in North Las Vegas, NV. So, while it doesn’t cover bodily injuries, mechanical repairs, or your deductible, it does cover:

• Theft
• Fire
• Vandalism
• Accidents
• Nature damages (tornado, hurricane, flood, etc.)

Having this type of coverage comes in handy when regular insurance won’t cover all of these unexpected inconveniences. Life can be unexpected so it’s always better to be prepared. Feel free to reach out to our finance center professionals for more information on how to apply for GAP Insurance.

Is GAP Insurance Worth It?

Absolutely! Having GAP insurance means protecting your vehicle investment when something out of the ordinary occurs, like the theft of your vehicle. So, where can you get GAP insurance from? 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. That’s a great deal!

Learn More at Stephen Wade Cadillac

With GAP insurance, you can ensure your new Cadillac from more than just the common things. We want our North Las Vegas, NV drivers to be confident out on the roads and the best way to do that is by being prepared. Visit us in St. George to learn more or contact us with any questions on how to insure your new vehicle today!