12/18/2024
Coverage Clarity Series: Let’s talk GAP Insurance!
Did you know that if your car is totaled or stolen, your regular auto insurance might not cover the full amount you owe on your loan or lease? 😱 That’s where Guaranteed Asset Protection (GAP) comes in!
Example:
💰 Your car’s value: $15,000
🚘 Your loan balance: $18,000
GAP insurance steps in to cover the $3,000 “gap”!
If you recently financed a car, let’s make sure you’re fully covered. 💡