What is GAP Insurance?

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If you’re a cautious driver, you’re likely on the lookout for smart ways to protect your wallet and your car. Along the way, you might have heard of GAP insurance. But, what is GAP insurance? GAP insurance or Guaranteed Asset Protection Insurance, supplies coverage for the difference in the value of your vehicle and the balance still owed. Whether you want to apply for coverage or you simply want to learn more, get in touch with Volkswagen of South Mississippi. Our financiers are standing by to offer the guidance you need. 

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What Else Does GAP Insurance Cover?

GAP protection can offer invaluable peace of mind on your commute from Biloxi to Gulfport. Along with covering the difference between your vehicle’s value and your loan balance, GAP insurance provides a number of benefits. While GAP insurance won’t cover bodily injuries, mechanical repairs, or your deductible, it does cover:

  • Theft
  • Fire
  • Vandalism
  • Accidents
  • Nature damages (tornado, hurricane, flood, etc.)

GAP insurance comes in handy when your standard insurance falls short. Having a security blanket against the unexpected is a great way to protect your vehicle and budget on the road ahead!

Is GAP Insurance Worth It?

Whether you’re a savvy investor or a thrifty spender, you’re likely to wonder if GAP insurance is worth the extra cost. The answer is a resounding, “Yes!” Having GAP insurance will protect your wallet should the unexpected occur, like a storm or theft. What’s more, you’ll see immediate benefits when you opt for GAP coverage since your vehicle depreciates the moment you drive off the lot.

How Can I Get GAP Insurance?

With so many benefits available, you might expect that GAP insurance is expensive or difficult to acquire. Luckily, you can upgrade with GAP insurance through our dealership or your private insurer. For as little as $20 a year and a one-time fee with your purchase, you can travel through Hattiesburg with the security of GAP insurance on your side!

Turn to Volkswagen of South Mississippi for Guidance

If you’re eager to secure the very best coverage for your new vehicle, consult with Volkswagen of South Mississippi. Our financiers are more than happy to sit down with you to go over your coverage needs and budget. Visit us in Diberville whenever you need car care. Find more tips on car shopping with our guide like when is the best time to buy a new car.