Protect Your Vehicle Assets with GAP Insurance

Buying a brand new car is an exciting experience, but you have to protect yourself in the event that you get into an accident and total your vehicle.

"But I have insurance," you say. Your traditional insurance will only pay you the present fair market value for your car. There can be a huge difference between your car's "value" (even minutes after you drive off the lot) and the amount you owe on your loan. You could wind up paying off a ruined car for years after an accident.

"negative equity" got me like ?? ?? #adulting https://t.co/4it7FAuTp2

— Adulting101.how (@adulting101how) September 25, 2017

GAP coverage protects you from that. This extra insurance covers the difference between your car's value and the amount you owe on your loan. That way you can start fresh in a new car without the burden of a pointless loan weighing you down.

GAP insurance is available as an add-on to your current policy. Talk with the finance center at Don Wood Ford in Athens, OH to learn more about this valuable coverage.