When it comes time to purchasing a new car from Lee Motor Company, you’ve got a number of things to consider, such as financing and insurance. One of the many optional insurance coverages you can select from is gap insurance. But what is gap insurance? And how does gap insurance work? In short, gap insurance is made to cover the gap between the owed amount on the vehicle and the true cash value of the vehicle at the time of an accident. Read on as we delve further into what does gap insurance cover. Then, be sure to browse more of our car buying tips to get the ins and outs of the automotive shopping experience or contact us with any questions that you still have.
If you’re considering gap insurance to cover your Evergreen ride, you should remember that this form of insurance covers damage to your vehicle, and not the property or bodily injuries that occur at the time of an accident. How does gap insurance work? Here’s a breakdown of what gap insurance does and does not cover:
Gap Insurance Covers:
Gap Insurance Does NOT Cover:
The main answer to the question “How does gap insurance work?’ is that it is designed to cover total loss in the event of an accident in Brewton. While this coverage is optional, it’s worth considering speaking with your insurance company about what it can offer you.
Now that you know what does gap insurance cover, you’re likely wondering “Do I need gap insurance?” No, you don’t need gap insurance. However, it is highly recommended that you opt for gap insurance when buying a new vehicle and going through various insurance plans and financing options. Gap insurance is even more helpful if your Atmore area dealership offers a plan that includes deductible coverage. Ultimately, having gap insurance will not only give you peace of mind, but it will also help you save money if you were to get into an accident. Feel free to reach out to our finance team to further discuss your insurance options.
Now that you know more about what does gap insurance cover, the next step is making sure that the vehicle that you’re looking for is in your hands in no time at all. And for that, our finance department is here to make it easier than ever to upgrade your ride.
When you want to get the job done right, the new Chevrolet Colorado has what you need. It features exceptional performance and legendary durability so you can take on nearly any Evergreen adventure with ease. While the Colorado won’t let you down at the job site, it also delivers impressive fuel efficiency so you…
The 2023 GMC Sierra 1500 delivers rugged performance with a comfortable and inviting interior. Each of the new GMC Sierra trim levels offers something unique that will impress Evergreen shoppers with their style and capabilities. Here is a look at the new GMC Sierra trims below: New Sierra for SaleChevy Buick GMC Research…
Looking for a well-equipped and spacious compact SUV? Look no further than the 2023 Chevrolet Equinox. Inside the 2023 Chevy Equinox interior, you’ll discover an array of tech gadgets to enhance your daily commute and generous cargo space for shopping trips in Evergreen or family vacations. Read on through our Chevy research guide to…