What is GAP?
GAP Insurance “Guaranteed Auto Protection”- is a type of car insurance that pays for the “gap” between what you may still owe on a lease or loan and what the auto insurance company pays out when your car is stolen or destroyed in a total loss.
Disclaimer: The information contained in this promotional material is for illustration purposes only and is subject to change. Statements, ?gures, calculations, plans,images and representations are indicative only. While all reasonable care has been taken in providing this information Monster Cars LLC accepts no responsibility for the accuracy of any information contained herein or for any action taken in reliance thereon by any party whether purchaser potential purchaser or otherwise. The information contained in this material is a guide and used for example marketing purposes only.
How GAP Works?
If you total your car, an insurance payout is for the value of the car.
But even with that insurance check you could still owe money on the loan.
GAP Insurance pays the difference.
Disclaimer: The information contained in this promotional material is for illustration purposes only and is subject to change. Statements, ?gures, calculations, plans,images and representations are indicative only. While all reasonable care has been taken in providing this information Monster Cars LLC accepts no responsibility for the accuracy of any information contained herein or for any action taken in reliance thereon by any party whether purchaser potential purchaser or otherwise. The information contained in this material is a guide and used for example marketing purposes only.
Benefits of GAP
1. It covers the difference in what you owe and what your insurance will pay you.
2. Protects your investment if your car is totaled.
3. If you purchase a car that loses it’s value quickly and you are in a car accident you could owe your ?nance lender or bank more than your car is currently worth.
