Guaranteed Asset Protection Insurance

Do you need Guaranteed Asset Protection (GAP)? Do you owe more on your automobile than its actual retail value?  This happens to a lot of us, especially the first time you drive a brand new car off of the lot.  If you totaled your vehicle, would your insurance carrier pay off that debt?  Probably not.  That’s why GAP insurance is important.  If you are “upside-down” with your vehicle loan, GAP insurance will make sure you won’t be stuck with the difference in the event of a total loss.

You can ask for GAP on your next auto loan or even inquire about adding it to your existing loan.  Not only is it affordable, but it will be one less worry if the unexpected happens.