Do Not Fall into the Insurance “Gap”

When you buy a new car, one interesting thing always happens: the value of the car drops significantly as soon as you drive it off the lot. Now, this may not make a huge difference to you when you buy the car because you know exactly how much you are paying for it. However, it can, in fact, make a huge difference if you are ever in an accident or had your vehicle stolen. If your car must ever be written off, many insurance policies will only pay the market value of the car. That value will, therefore, be much lower than what you probably owe on it. The result? You will get stuck with paying for that “gap” in these differing values.

The good thing is that GAP Insurance can protect you against this uncertainty, covering the difference between what you owe and what the vehicle is worth on the market. When you are shopping for a new Toyota car, truck, or SUV in Killeen, be sure to drop by Toyota of Killeen so that we can provide you with all the information about GAP Insurance so you can buy with confidence.

Categories: New Inventory, People, Finance, News

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