What is Gap Insurance?

Man getting into a Honda Civic

Do you have the right vehicle coverage in Kenilworth or South Plainfield? If you have to stop and wonder, let us help. You would have insurance after purchasing or leasing a vehicle. Besides car insurance, you may want to opt for Guaranteed Asset Protection Insurance (GAP.) What is GAP insurance on a car? We are glad you asked. GAP insurance covers the financial difference of the model value and remaining balance on a vehicle. But that is not all; let’s find out what else GAP insurance covers.

What Else Does GAP Insurance Cover?

Aside from extra financial security, what is GAP protection? To start, it is noteworthy that GAP insurance does not cover injuries. Instead, it is a type of insurance that protects your belongings. GAP does not cover your deductible or repairs; it includes more. See what GAP insurance protects on your vehicle:

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

Is GAP Insurance Worth It?

You want to consider GAP insurance in addition to your car insurance. If protection against theft or other instances matter, then GAP insurance is worth it. Remember, you will receive more protection from everyday occurrences. You will gain extra protection and fee coverage. You can worry less about what happens to your vehicle that is out of your control. GAP insurance offers reassurance.

How Can I Get GAP Insurance?

How can I get GAP insurance? There are several ways. You can get GAP insurance from an auto insurer, dealership, or company that offers auto coverage. At VIP Honda, we are happy to help you gain GAP insurance on your vehicle. GAP insurance is affordable; you will pay a one-time fee at the time of sale. Monthly costs will only have you add twenty dollars to existing coverage.

Get Auto Financing at VIP Honda Today

Our finance team at VIP Honda are ready to help you get GAP Insurance. Apply for financing if you are in the market for a new Honda. Our core value is to provide Union area drivers with the utmost in customer service. Feel free to stop by our dealership or contact us! We will assist you in your car buying process. Whether you are looking for a new or used Honda, much like GAP insurance, we have you covered! Also be sure to learn more about taking over a lease with our team today.

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