IS GAP Insurance Worth it?

Do you Need GAP Insurance on your Policy and Vehicle Purchase?

Guaranteed Asset Protection (GAP) is a unique program that protects you from the potential financial burden that may result from your vehicle being declared a total loss if your insurance settlement does not cover the full amount of your loan or lease payoff. Without GAP coverage, you may be financially responsible for the difference between the insurance settlement and the amount you own on your loan or lease – potentially thousands of dollars.

GAP waives the difference* between the insurance settlement and the outstanding balance owed on your vehicle as of the date of total loss. GAP pays off your loan or lease without any additional expenses to you*

Don’t miss out! GAP insurance coverage is worth it! It is only available at the time you purchase your vehicle from Fellah Auto Group and you may be able to roll the cost into your monthly payment. Protected your car and your wallet. GAP is low-cost coverage that pays the potentially high-cost difference between the insurance settlement and your loan/lease payoff.

https://www.fellahautogroup.com/blog/is-gap-insurance-worth-it/

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