What Does Gap Insurance Cover?

man with car documents outside

Confused about some of the options involved with financing and insuring a new car from Westpointe Chrysler Jeep Dodge? One of those we hear about most frequently is gap insurance. Specifically, what does gap insurance cover, and what does gap insurance do? Simply put, gap insurance is designed to cover the gap between the amount you owe on a vehicle and its insured value at the time of an incident. Here, we cover exactly what this insurance covers, and how it can benefit your peace of mind in the Oklahoma City area.

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Gap Insurance Coverage Details

Gap insurance covers a number of possible incidents related to your vehicle. But first, Mustang drivers should remember that gap insurance is meant to cover damage to your vehicle – not property or bodily injuries. Explore more details here:

  • Gap Insurance Covers:
    • Theft
    • Fire
    • Vandalism
    • Accident
    • Acts of nature (tornado, hurricane, flood, etc.)
  • Gap Insurance Does NOT Cover:
    • Deductible (though some gap insurance policies allow this)
    • Engine failures and other mechanical repairs/malfunctions
    • Death
    • Extended warranties

So, what’s the headline answer to ‘what does gap insurance do?’ Gap insurance is meant to cover total loss in the event of an accident. Though it is an optional coverage, it is worth talking with your insurance company about what it offers you.

Do I Need Gap Insurance?

Gap insurance is not necessary, but it is highly recommended when purchasing a new car in El Reno. Gap insurance is especially helpful if your dealership offers a plan that includes deductible coverage. So ask about the various insurance plans and finance options they offer. Having this insurance will give you peace of mind, and help you save money, in the unfortunate event of an accident. Speak with our financing team to talk about buying gap insurance.

Explore All Insurance and Finance Options at Westpointe Chrysler Jeep Dodge

It pays to have the knowledge about various insurance plans and the Dodge warranty plans, whether you’re deep into your research, or just starting out. Make sure you understand exactly what you need, and want, before purchasing a car. The right coverage can save you time and money down the road. Visit us today in Yukon, or simply contact us online with any questions you may have about gap insurance or other topics, like how to get car financing with bad credit.

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405-265-1400

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11001 W Reno Ave • Yukon, OK 73099

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Westpointe Chrysler Jeep Dodge

11001 W Reno Ave Yukon, OK

Phone: 405-265-1400

http://maps.google.com/?q=11001%20W%20Reno%20Ave%2C%20Yukon%2C%20Oklahoma%2C%20OK%2073099

Sales

Phone: 405-265-1400

11001 W Reno Ave Yukon, OK

Mobile Sales

Phone: 405-265-1400

11001 W Reno Ave Yukon, OK

Service

Phone: 405-265-1400

11001 W Reno Ave Yukon, OK

Mobile Service

Phone: 405-265-1400

11001 W Reno Ave Yukon, OK
35.4655413 -97.7159764
Westpointe Chrysler Jeep Dodge 35.4655413, -97.7159764.