GAP Coverage at Huffines Kia Corinth
Protect your investment and your peace of mind with GAP Coverage from Huffines Kia Corinth. Even if you have full auto insurance, there may still be a financial "gap" between what your insurer pays and what you owe on your vehicle loan or lease if your car is totaled or stolen. GAP (Guaranteed Asset Protection) coverage helps bridge that difference-so you're not left paying out of pocket for a vehicle you no longer have.
What Is GAP Coverage?
When you purchase a new vehicle, its value begins to depreciate as soon as you drive off the lot. If your car is ever declared a total loss, your insurance company typically pays only the vehicle's actual cash value-not the full amount you still owe. That's where GAP coverage comes in. It covers the "gap" between your insurance settlement and your remaining loan balance.
Why You Might Need GAP Coverage
GAP coverage is a smart choice if:
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You made a small or no down payment.
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You financed your vehicle for a longer loan term.
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You drive a lot of miles each year, which can accelerate depreciation.
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You're leasing your vehicle and want added financial protection.
Without GAP coverage, you could end up paying thousands of dollars on a loan for a vehicle that's no longer drivable.
Benefits of GAP Coverage
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Financial protection against unexpected total losses.
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Peace of mind knowing your loan won't outlast your car.
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Low cost that can be conveniently rolled into your financing.
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No hassle-coverage starts immediately when you purchase your vehicle.
Add GAP Coverage to Your Financing Plan
At Huffines Kia Corinth, our finance experts can easily include GAP coverage in your loan or lease agreement. We'll walk you through the details, help you understand your coverage options, and make sure your vehicle is fully protected.
To learn more about GAP coverage or to add it to your current plan, contact our finance department or visit us today at Huffines Kia Corinth. We're here to make sure you drive with total confidence.