During the process of getting a new car, you will want to make sure that it is adequately covered. The first thing you will want to do is get car insurance. However, it will also be important to get GAP insurance as well. With Guaranteed Auto Protection, you will have a way of covering your loan in case of an accident. Some car insurance policies don’t always cover the remaining loan amount, rather they give you what the car is valued to be worth at the time of the accident. What that means for you is you could end up being liable for the remaining loan that isn't covered by the insurance company.
By getting GAP insurance, you will be in better position to have whatever is left on your loan paid for after the insurance company values your vehicle, so you don't have to pay for a vehicle you can't drive. If you are looking to buy a new vehicle at Nourse Chillicothe Ford Lincoln, our staff will help you get a GAP insurance policy so that you can be sure your new vehicle is covered. Stop by our dealership to learn more about how we can assist you.
We break down what gap insurance is & what you need to know when in a dealer’s office: https://t.co/Ct6pOeabvo
— Edmunds (@edmunds) February 2, 2017