GAP insurance provides valuable protection during the early years of your auto loan, when your vehicle’s value may be less than the amount financed. The auto loan experts at Neil Huffman Auto Group can provide you with the information need at the time of purchase, so you can decide if GAP insurance is right for you.How Does GAP Insurance Work?
If you find yourself facing a total loss due to an accident or theft over the course of driving your used car or truck, GAP insurance will pay the difference between the actual cash value of the vehicle and the current outstanding balance on
your loan or lease. GAP Insurance insures that your auto loan gets paid. In some cases, it may even pay your regular insurance deductible. GAP Insurance usually comes with a fairly small premium, and our experts at the Neil Huffman Auto Group can provide you with all the information you need to decide if this form of insurance is right for you.