"negative equity" got me like ?? ?? #adulting https://t.co/4it7FAuTp2
— Adulting101.how (@adulting101how) September 25, 2017
Gap insurance is an optional but equally important coverage for new cars that is added to the insurance collision policy. If you buy a car with a loan, the lender may require gap insurance coverage. The coverage ensures that in case you are in an unfortunate collision the balance left after what the insurance pays is minimized. Gap insurance is available at Bob Allen Chrysler Jeep Dodge & Ram, making more convenient and easy to get.
Gap insurance is a must-have for new car owners; it eliminates the possibility of your vehicle being totaled and finding out the insurance can’t cover the full loss. This will ensure you have complete peace of mind. The minute you drive off from the dealership with the car, depreciation kicks in and the insurance will only cover the vehicle's value at the time. Should you need to replace the vehicle, Gap insurance will come in handy. Gap insurance ensures that your out-of-pocket cost is minimized in case of an accident or write off.