Is GAP Insurance Right for You?

Many people ask exactly why they need GAP insurance and we can understand why you might hesitate to accept this additional coverage. Don't you pay enough in auto insurance fees? Isn't the purpose of insurance to provide protection you in case of an accident? Well, not exactly because if your car is totaled in an accident, you will quickly discover that there is a difference between the assessed fair market value and the actual value of your vehicle. This is where GAP insurance comes into play.

When purchasing GAP insurance at Gene Steffy Chrysler Jeep Dodge, you are protected from many of the losses that may occur if the car is determined to be a total loss by the insurance adjuster. This can sometimes be a hefty amount, especially if the payoff amount is far greater than the actual cash value of your car, truck, or SUV. In today's world, when buying a new vehicle, GAP insurance is a necessity to aid in protecting your investment because it is common knowledge that merely driving off the lot your vehicle loses value. Ask about purchasing GAP insurance for any new vehicle in Fremont, NE, and let our team help you decide whether it is appropriate for you.

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