How Does Gap Insurance Work?

It is not all that uncommon for a car buyer to be confused when they hear about gap insurance. Many shoppers are unsure of what gap insurance is let alone whether they need it or not. Kearny Mesa INFINITI wants you to know that gap insurance coverage may not be suitable for everyone but there are some drivers that need it or must have it according to their lease or finance agreement. If you are unsure if you should be getting gap insurance, we have the INFINITI finance team you need to give you the information and answers you are looking for.

Guaranteed asset protection, or gap insurance, is coverage that pays for the difference between the balance you owe on your vehicle and what the insurance company deems it to be worth. There can be different variables that determine whether or not you need gap coverage, but it can be extremely helpful should your vehicle get stolen or is involved in an accident that results in a total loss.

You have a couple of different avenues for buying your gap insurance and it will usually only cost a few extra dollars per month. Buyers can get gap insurance through their insurance company, through a company that provides gap insurance, or through their dealership or lender. When you work with us at Kearny Mesa INFINITI to buy or lease a new INFINITI Q50 or another model, we can go over all of your options and explain all of the details of the process and your coverage options.

Are you ready for a new vehicle? Stop by to see us today at our San Diego, CA INFINITI dealer so we can have you take a test drive. If you have questions on current inventory, financing or gap insurance, just give us a call at Kearny Mesa INFINITI at (858) 573-1700.