Gap Insurance

July 25, 2015
Written by Donna Craven, CPL

Buying or Leasing a New Car

 gap insurance

 

The other day at C & S Insurance Agency, we had a new customer come in to the office to register their new car. They told us that the car dealership had offered them gap insurance for $595. We told them that we can offer it for just $25!

You may be asking yourself “what is GAP insurance?” Well, it provides valuable protection during the early years of your car’s life if you have a loan or a lease. If a loss occurs, 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 protects your vehicle lease or loan, and sometimes it will also pay your regular insurance deductible.

 

If you’re buying or leasing a new car and are in need of gap insurance, contact C & S Insurance today!