There are a few things more shocking than when you approach your insurance for an accident claim, and you find that there is a huge gap between the purchase value and market value. This means that you have to foot for the extra cost to replace your car. This can be avoided through GAP insurance. GAP insurance is an insurance package designed to cover you for the difference between the actual value and the market value. The insurer bears the cost of depreciation.
GAP insurance is particularly ideal for new cars. Buying a new car has huge cost implications, it is best to cushion yourself against added costs. While you will do your best to drive safely on the road, not everyone on the road is responsible. A drunk driver can easily hit you causing extensive damage to your car.
If you have bought a car in Turlock, visit our dealer to learn more about GAP insurance.
