If you’re looking to purchase a vehicle, especially a new one, it’s pretty common for a driver to owe more than their vehicle is really worth. Because of depreciation and other factors, if your vehicle is damaged in an accident or stolen, the money you receive from your insurance company might not be enough to cover the amount that you owe on your vehicle.
That’s where Guaranteed Auto Protection (GAP) insurance comes in. It closes the gap between how much you still owe and how much you receive from your insurance company when you need to repair or replace your vehicle. Since it can be included in your current auto bill, it’s easy and valuable to have. You’ll be covered and hardly notice the slight increase in your bill.
When to Consider GAP Insurance
- Purchasing a New Vehicle
- Purchasing a Lightly Used Vehicle
- Purchasing an Expensive Vehicle
- Financing a Large Amount
If you’d like to learn more about GAP insurance, drop by Chatham Parkway Toyota at 7 Park of Commerce Way, Savannah, GA, 31405. We look forward to serving our customers from Hinesville, Brunswick, Hilton Head Island, Effingham County, Pooler, and Richmond Hill!