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In the unfortunate event of an accident in Grand Blanc, gap insurance coverage would help to pay off any difference that may exist between what you still owe on your car and its actual cash value at the time of the accident. What other types of damage fall under the umbrella of gap insurance coverage? Take a look:
Gap Insurance Covers:
Gap Insurance Does NOT Cover:
How does gap insurance work? For a greater understanding of how gap insurance can help you out, let’s look at a working example:
As we’ve discussed, you are not legally required to obtain gap insurance for your vehicle. In some cases, however, it is highly recommended for new car purchases. Many Clarkston drivers opt into gap insurance for the peace of mind it provides them, as it covers total loss in the event of an accident. As an optional type of coverage, it may be worth speaking with your current insurance provider to get a quote and determine whether you’d like to opt-in.
Navigating your finance and insurance options as you shop for a new vehicle can be daunting, but the finance team at John Bowman Chevrolet, Inc. is here to make things easier for you. Whether you would like more info on gap insurance or you’re struggling to decide between buying vs. leasing, we’re here to provide car-buying information you can trust!
If you’re a Clarkston family in the market for a new compact SUV, look no further than the 2020 Chevy Equinox. From fun-to-drive handling to a striking exterior and comfortable, convenient cabin features, there is so much to love about this vehicle. Read on below to discover more details about the impressive 2020 Chevy Equinox…
Looking for a fuel-efficient SUV in Waterford? The 2020 Chevy Equinox gas mileage pulls ahead of its competitors. Capable of earning up to an EPA-estimated 26 mpg city/31 mpg highway, the Chevy Equinox fuel economy can fluctuate depending on the trim level and engine option you choose for your Lake Orion commutes. Learn more about the…
It’s early 2020, and Waterford sports car enthusiasts know what that means –– the 2020 Chevrolet Corvette is almost here! Slated to debut early this year, Chevrolet has slowly been teasing more and more information on the newest C8 generation of Corvette. You’ve heard enough about the revolutionary Corvette C8 mid-engine and the heart-stopping…
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