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Sunday, December 9, 2012

Did you know that GAP Insurance is also known as Guaranteed Auto Protection or Guaranteed Asset Protection ?

Did you know that Gap insurance covers the difference between what the car is worth and what you owe on the car?


Did you know that GAP Insurance is also known as Guaranteed Auto Protection or Guaranteed Asset Protection ?

Did you know that GAP insurance covers the difference between the actual cash value of a vehicle and the balance still owed on the financing (car loan, lease, etc.). ?

Did you know that GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks?

Did you know that some financing companies require that you have GAP insurance?


Did you know that GAP insurance covers the amount on a loan that is the difference between the asset value and the amount covered by another insurance policy?

Did you know that some GAP insurance policies also cover the deductible?

 
Did you know that most auto insurance companies offer Gap Insurance?

Did you know that there are two ways of getting GAP coverage?

Did you know that there are exclusions to GAP insurance which vary by country or state?

Did you know that some GAP Insurance exclusions include a maximum loss limit of $50,000 while others require a loan term of less than 84 months?

Did you know that GAP is an optional purchase; however, many states in the US require that a car dealership offer GAP at the point of purchase?







 Now if you didn't know, now you know...



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