There are many kinds of insurance, but Gap Insurance is one of the most important to be insured with. Gap is an auto insurance that will ensure that in case an unfortunate event happens and you will need to claim your insurance, you will not have any losses.
The way insurance usually works is that it will cover only a certain amount in case an item is totaled or stolen. The reason for this is due to the how insurance agreements are structured. Gap removes all the worry over any losses from insurance.
Imagine that your car is worth $20,000 and you still owe $30,000. In the unfortunate case that your car is stolen or gets totaled in an accident, the insurance policy will reimburse you $20,000. But because you have a debt of $30,000 to the company, you are $10,000 short in addition to having no car.
However, if you had a gap insurance policy for your car, that $10,000 “gap” would have been covered and would have been reimbursed to you. That is the beauty of Gap.
If you are interested and want to get your GAP insurance today, visit us at Brunswick Mazda and we will be sure to give you all the information that you get and the best insurance policy for you.
We break down what gap insurance is & what you need to know when in a dealer’s office: https://t.co/Ct6pOeabvo
— Edmunds (@edmunds) February 2, 2017
