Filling Your GAPs
If your vehicle is declared a total loss due to an accident or theft, your primary auto insurance may not be adequate to cover the cost. Because the settlement is usually based on the car’s market value, which may be less than the balance owed on your finance or lease contract, this is where GAP—guaranteed auto protection—insurance can help. GAP serves to cover the remaining balance that may be left over after settlement with your auto insurance.
If you’d like to trade in your current vehicle to purchase or lease another, many dealerships provide quick estimates. Some may even add a bonus amount to your estimate because you choose to shop with them. Find out what your trade may be worth today!