Lincoln

Rowe Lincoln Westbrook

91 Main St.
Directions Westbrook, ME 04092

  • Sales: (207) 854-2555
  • Service: (207) 854-2555
  • Parts: (207) 854-2555

GAP Insurance Can Be Life Saver

Lots of times we have drivers as us about what GAP insurance is and whether they should get it. GAP coverage can mean the difference between paying out of pocket after an accident or having insurance take care of it. Guaranteed Asset Protection insurance is offered as an extra usually when cars are first purchased. It's an add-on to your regular insurance.

There are several reasons GAP can come in handy. GAP insurance will protect you if you are involved in an accident. Your regular insurance company will most likely only pay for what the car is worth in the event of an accident. That will be fair market value. The issue here is you owe more than the car is worth. You took out a loan and owe interest over a long term. GAP covers the difference between those two variables.

GAP insurance is meant to protect customers from having additional costs on a car loan should their vehicle be involved in an accident. You can visit our dealership for more information on the benefits of GAP insurance and how it applies to you.

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