PorscheGuaranteed Auto Protection (GAP) may help protect you by waiving some or all of the difference.¹ Available on new, pre-owned, andPorscheApproved Certified Pre-Owned vehicles onPorscheFinancial Services Retail Installment Sales Contracts at the time of vehicle purchase only. ...
Guaranteed Auto Protection alias GAP insurance is a kind of auto insurance policy that vehicle owners by to protect themselves from losses caused due to the compensation received after an accident or damage. When an accident happens, you may receive the “total required amount” or “only a part...
Gap insurance is a type of auto insurance that covers the “gap” between the actual cash value of your vehicle and the remaining balance on your car loan or lease. This coverage is especially important for individuals who have financed their vehicles or are leasing them, as it can protect ...
Without gap coverage, driver pays deductible and pays off auto loan $5,500. » MORE:What does car insurance cover? Is gap insurance worth it? You don’t need gap insurance unless you lease a vehicle or have a loan. You also don’t need it if your loan is paid down below the valu...
That’s why it is financially smart to protect your investment with GAP Protection. If your car is deemed a total loss, GAP Protection protects you from having to pay the difference between what you owe and what your car is worth. Plus, GAP Protection reimburses your insurance deductible up...
What’s GAP Insurance? Guaranteed Asset Protection (or GAP) insuranceis a means through which motorists can protect themselves against the effects of depreciation and theft. With a conventional insurance, a driver could purchase a car, and write it off just a few hours later. In such an insta...
but is worth considering when buying a new car. If you plan on purchasing a vehicle that is pretty much guaranteed to lose a lot of its value in a short period of time, it simply makes sense to protect your investment with gap insurance. Before you purchase a car you may want to look...
Gap insurance is a type of auto insurance that you can purchase to protect yourself in case you total your car and the amount of compensation you receive does not fully cover the amount you owe on your financing or lease agreement. If the balance of your car loan is greater than the vehi...
“Gap” is an insurance industry acronym for “guaranteed auto protection.” Gap insurance reimburses a car owner when the payment for a total loss is less than the outstanding loan or lease balance. Gap insurance covers the difference between the depreciated value of the car and the loan ...
Mind the gap: producers look to weather insurance to protect top yields.(FINANCIAL MANAGEMENT)Lykins, Keena