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GAP Insurance - Financial Protection When You Need It Now you can protect yourself if your car is totally damaged in an accident. The value your insurance company will place on your car may be substantially less than the amount you owe. Why take chances with your investment? In the event that your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, your insurance company pays the actual cash value of the vehicle at the time of loss - not what the vehicle is really worth to you! You remain liable for payment of the difference between your insurance company's settlement and the balance of your loan. This deficiency, added to the amount of your deductible, time lost from work, rental car costs, replacement vehicle, and other expenses, can easily be thousands of dollars. This is money that will come out of your pocket. GAP Insurance offers you security, stability, protection and peace of mind.
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