GAP Insurance
GAP insurance, or Guaranteed Auto Protection, is a type of insurance that covers the difference between the actual cash value of your car and the amount you owe on your loan or lease. This can be important if your car is totaled or stolen, as your regular auto insurance policy may not cover the full amount you owe.
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Why Do You Need GAP Insurance?
There are a few reasons why you might want to consider GAP insurance:
New cars depreciate quickly, so there’s a good chance that you’ll owe more on your loan than your car is worth if it’s totaled or stolen.
If you have a long loan term, you’ll be paying more interest over time. This means that you’ll owe more on your loan even if your car depreciates.
If you have a high deductible on your auto insurance policy, you’ll have to pay more out of pocket if your car is totaled or stolen. GAP insurance can help cover this expense.
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GAP Insurance with Barts Insurance
How Does GAP Insurance Work?
If your car is totaled or stolen, your regular auto insurance policy will pay up to the actual cash value of your car. This is the amount that your car is worth at the time of the accident or theft, minus any depreciation. If you owe more on your loan or lease than the actual cash value of your car, GAP insurance will cover the difference.
GAP Insurance with Barts Insurance
How Much Does GAP Insurance Cost?
The cost of GAP insurance varies depending on the make, model, and year of your car, as well as the length of your loan or lease. However, GAP insurance is typically very affordable.
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GAP Insurance
GAP Insurance
GAP Insurance with Barts Insurance
Is GAP Insurance Right for You?
Whether or not GAP insurance is right for you depends on your individual circumstances. If you’re concerned about owing more on your car than it’s worth, GAP insurance can provide peace of mind.
GAP Insurance
Why Do You Need GAP Insurance?
There are a few reasons why you might want to consider GAP insurance:
New cars depreciate quickly, so there’s a good chance that you’ll owe more on your loan than your car is worth if it’s totaled or stolen.
If you have a long loan term, you’ll be paying more interest over time. This means that you’ll owe more on your loan even if your car depreciates.
If you have a high deductible on your auto insurance policy, you’ll have to pay more out of pocket if your car is totaled or stolen. GAP insurance can help cover this expense.
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