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What is Gap Insurance?

If you are in the market for a brand new car at Greenway Nissan of Florence, you have several important decisions to make. Once you narrow down your search to the perfect make and model, you also need to select the proper insurance coverage. While some forms of coverage are required, others are optional. Gap insurance is one of those available options. So, what does gap insurance do? The purpose of gap insurance is to cover the gap between what you currently owe on the vehicle and the true cash value of the car at the time an accident occurs. Greenway Nissan of Florence explores the purpose of gap insurance more in depth below as well as why we highly recommend this added coverage. 

 

 

What Does Gap Insurance Cover?

Gap insurance is designed to cover damage to your vehicle, not property damage or bodily injuries. So, what does gap insurance cover? Find out what’s included and what’s not with this type of coverage. 

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

What does gap insurance do? Gap insurance helps to cover total loss in the event of an accident. Although gap insurance is not required, there are many reasons it is a smart investment for Birmingham and Muscle Shoals drivers. 

Is Gap Insurance Necessary?

As mentioned before, gap insurance is not a requirement for Decatur drivers. However, when you are finalizing your financing plan on your next vehicle, there are many reasons to add on gap coverage. Gap insurance gives you added peace of mind on the roads of Florence, and the coverage is quite affordable. 

Financing and Insurance is Hassle-Free at Greenway Nissan of Florence

If you have any questions about insurance or your financing options, do not hesitate to contact the experts at Greenway Nissan of Florence for more information. We look forward to helping you drive home in a vehicle you can feel confident about. Begin the financing process at home with our online application

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256-740-5100

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248 Cox Creek Pkwy • Florence, AL 35630

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Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

Greenway Nissan of Florence 34.834730, -87.628871.