Bloomington Lincoln

1001 Clover Drive
Directions Bloomington, MN 55420

  • Sales: (888) 432-6597
  • Service: (877) 893-9630
  • Parts: (877) 374-9275

What is Gap New Car Insurance?

GAP, or Guaranteed Auto Protection, is insurance for car owners who want a better coverage for their automobile. It is insurance that’s added to the collision policy you already have to pay the difference of the loan or lease you may have on your car, in the case of a total loss collision.
Car owners with a typically low down payment or higher than usual interest rate loan fit the profile for receiving GAP insurance on their cars. It’s a way to cover the loan amount difference between an asset value and the covered amount through the other car's insurance policy, and even sometimes, their deductible. It’s paid up front and that’s why if you need financing, then you know where to go ahead of time.
GAP is effectively used to cover new or used cars and trucks. We suggest this type of insurance as a security blanket in case things go wrong. Contact us today to learn more.
Categories: New Inventory, News, People, Finance


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