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GAP Insurance: What is it and do you need it?
GAP Insurance: What is it and do you need it?7/30/2019

man's hand syncing cell phone in carYou just purchased or leased a shiny new car. Your auto insurance is in place, so you’re ready to drive it home – or are you? If you don’t have GAP insurance, you may not be completely covered.

As soon as you drive your new car off the lot, it begins to depreciate. In fact, by the time you get it home it’s officially a “used car.” So if it’s stolen or totaled in an accident, your insurance company may not reimburse you enough to cover the balance of your loan or lease. This is where GAP insurance comes in.

GAP insurance covers the gap between the insurance payout and your unpaid balance. It’s an easy, inexpensive way to protect yourself from unexpected financial stress. And we can arrange it for you at the same time we set up your auto loan, or add it later on for complete peace of mind.

Call or stop by for more information on GAP insurance today!.

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