Why should you buy GAP insurance when getting coverage for your next car? It is never something that you want to think about, but if you are in a car accident and your car is totaled, your current insurance company might not pay all of your bills. If you still owe more on your car loan, the money will end up coming out of your pocket. Our staff at Woodhams Ford Lincoln is here to prevent that from happening, and this is where GAP coverage comes in handy. Guaranteed Asset Protection, or GAP, insurance is an add-on to your existing coverage. It covers any gaps that exist between what you owe and what your car is worth if it is totaled.
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Hopefully, you won’t ever need to use this insurance, but it can provide you with a peace of mind ensuring that you will never get stuck with out-of-pocket costs if you have an accident. If you're interested to learn more, then be sure to talk to the sales representatives at our dealership about GAP coverage. This is a must-have for anyone purchasing their next vehicle in South Haven, MI and beyond!