Thinking about Spring Shopping and The Gap

Well, it's insurance here so not The Gap where you want to shop for that new wardrobe but the gap in insurance coverage when you purchase a new car.

Have you thought about this: When you purchase a new car, how much does it depreciate the second you drive off the lot? It could be as much at 30%! Now...think about getting into an accident that same day.

Your car insurance pays actual cash value, or what your car is worth, not what you owe on your loan. There it is: The Gap! The gap between what you owe and what that new car is worth may end up coming out of your pocket if you don't have Gap Insurance.

Some insurance companies already provide gap insurance coverage but it is best to contact your insurance agent to see what coverage you have. Learn more with Commonly Asked Questions about Gap Insurance.