What is Gap Insurance?

Man on phone from car accident


Gap insurance (short for Guaranteed Asset Protection insurance) is optional insurance that drivers can opt for which covers the gap between the owed amount on the car and the true cash value of the car at the time of an accident. Whether you’re buying a new or used vehicle, gap insurance might be worth the cost. Learn more about Gap insurance and what it covers, then make your way to Riverside Buick GMC to talk with our finance experts to see if this insurance is right for you.

What Does Gap Insurance Cover?

So, what does Gap insurance do? Gap insurance covers a variety of issues related to your vehicle. It’s important, however, to keep in mind that this coverage applies to the damage to your vehicle and not property or bodily injuries. With that, here’s exactly what gap insurance does, and does not, cover:

  • Gap Insurance Covers:
    • Theft
    • Fire
    • Vandalism
    • Accident
    • Acts of nature (tornado, hurricane, flood, etc.)
  • Gap Insurance Does NOT Cover:
    • Deductible (though some gap insurance policies allow this)
    • Engine failures and other mechanical repairs/malfunctions
    • Death
    • Extended warranties

The main takeaway is that Gap insurance is meant to cover the total loss in the event of an accident. While this is optional coverage, it’s worth talking with your local dealership’s finance team as well as with your insurance company about what it has to offer you.

Do I Need Gap Insurance?

In short: no. Though it is highly recommended that you opt for Gap insurance when purchasing a new car, and possibly when purchasing a used car. Gap insurance is especially helpful if your dealership offers a plan that includes deductible coverage. Having this insurance will give you peace of mind, and help you save money, in the unfortunate event of an accident. Speak with our financing team to talk about buying gap insurance.

Explore All Insurance and Finance Options at Riverside Buick GMC

If you’re ready to get behind the wheel of a new or used model, it pays to have the knowledge about various insurance plans. Check out our available finance options and lease deals as well as new vehicle specials. The right coverage can save you time and money down the road. If you have questions in the meantime about our financing options, the difference between used and certified pre-owned models, the GMC Yukon cargo space, GMC Acadia configurations, to find Christmas towns in Georgia, or want to talk with our finance team, contact us today!

More About Our Models Features

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  • 2020 GMC Sierra Towing Capacity

    The 2020 GMC Sierra 1500 maximum towing capacity reaches up to 13,400 pounds when properly equipped. This makes this model the ideal light-duty pickup for Rome drivers and beyond. Learn more about the GMC Sierra towing capacity, Sierra towing features, and more before you get behind the wheel of your favorite GMC Sierra truck at…

  • 2020 GMC Terrain Configurations

    The 2020 GMC Terrain is a full-sized SUV offered in four main trim levels: the SL, SLE, SLT, and Denali, giving Rome drivers lots of features to enjoy on their daily commutes. No matter which configuration you choose, you can bet you’ll be getting comfortable seating for up to five passengers as well as towing capacities…

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770-382-5910

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125 S Dixie Ave • Cartersville, GA 30120

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Open Today! Service: 7:30am-5:30pm

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Riverside Buick GMC

125 S Dixie Ave Cartersville, GA

Phone: 770-382-5910

http://maps.google.com/?q=125%20S%20Dixie%20Ave%20%2C%20Cartersville%2C%20GA%2030120

Parts

Phone: (770) 383-1821

125 S Dixie Ave Cartersville, GA

Sales

Phone: (770) 383-1821

125 S Dixie Ave Cartersville, GA

Service

Phone: (770) 383-1821

125 S Dixie Ave Cartersville, GA
34.1627941 -84.7896022
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Riverside Buick GMC
Riverside Buick GMC
125 S Dixie Ave
Cartersville, GA, 30120 US
770-382-5910
https://di-uploads-development.dealerinspire.com/riversidebuickgmc/uploads/2018/04/RiversideBuickOGImage.png
Riverside Buick GMC 34.1627941, -84.7896022.