What Does Gap Insurance Cover?

October 29th, 2018 by

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From financing to insuring, getting a new car can be overwhelming, but at Riverside Buick GMC, we are here to make it a little easier. One of the most important factors when considering a new car is gap insurance, but what is gap insurance? Generally speaking, gap insurance protects you and your investment by covering the gap between the owed amount on the car and the true cash value of the car at the time of an accident. Take the trip from Acworth to Riverside Buick GMC to learn more!

Gap Insurance: What It Covers

Gap insurance can cover a wide range of potential issues. However, Canton drivers should note that gap insurance is designed to protect your Buick or GMC truck and does not cover bodily harm or other property. Gap insurance covers:

  • Theft
  • Fire
  • Vandalism
  • Accidents
  • Inclement weather

However, gap insurance does not cover:

  • Deductibles
  • Potential mechanical failings
  • Extended warranties
  • Death

Simply put, gap insurance covers total loss in the event in the event of an accident. So if you’re wondering “what does gap insurance cover”, you now have a better idea!

Do I need Gap Insurance?

If you want a simple answer, you do not need gap insurance. However, when purchasing a new car and going through the various insurance plans and financing options, it is highly recommended that you opt for gap insurance. It can be even more helpful if your dealership offers a plan that includes deductible coverage. Gap insurance can give you a sense of peace, and if an accident does happen, it can save you money. 

Explore All Insurance and Finance Options at Riverside Buick GMC

For more information on gap insurance, or to find out if gap insurance is right for you, stop by Riverside Buick GMC! When you’re ready to purchase, be sure to talk to our financing experts, and continue to rely on us for service tips such as oil changes or how to clean leather seats. Be sure to contact us with any questions you have!

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