Why Do I Need GAP Insurance?


Picture this: You've been in an accident, your car has been totaled. You have car insurance, but when it's all said and done they only pay out what your vehicle is worth on the market today. What if you owe more than the car is worth?

This is where GAP insurance coverage comes in.

GAP insurance, which stands for Guaranteed Asset Protection, is an add-on purchase from your insurance company which is also available to buy from the dealership. This pairs with your regular car insurance to fill in the gap between what your car is worth and what you owe, giving you peace of mind when you need it most.

For more information or to purchase a GAP policy for your car, stop by Chilson Chrysler Dodge Jeep Ram FIAT in Chippewa Falls and talk to us! Whether you're still looking for the perfect vehicle or want to cover an existing one, we will be glad to help!
Categories: Finance

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