ADDITIONAL COVERAGE

GAP COVERAGE

What is Gap Coverage?

This coverage helps you cover the amount you owe on your auto loan in the case that your car is totaled or stolen and the vlaue of the vehicle is lower than the amount remaining on your loan. Gap coverage essentially helps you pay the difference betweeen the amount you owe on the car and what it's currently worth.

How does it work?

For example, if you took out a $20,000 auto loan to pay for your vehicle with us and your vehicl is totaled while it is valued at $15,000, your insurance policy pays the car's current value ($15,000), but you would still have $5,000 left to pay. Gap helps cover that difference that's leftover and protects you from paying out of pocket!