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What Does Gap Insurance Cover?

Driver Making Phone Call After Accident


When you’re looking at your coverage options on the roads around Fort Collins, you may find yourself wondering, “what does gap insurance do?” Gap insurance, or Guaranteed Asset Protection Insurance, protects the value of the vehicle and the balance you still owe in the event of an accident. But what does gap insurance cover? Read on to learn more about gap insurance, and see if it’s the protection you need on Cheyenne roads. If you have any questions, don’t hesitate to contact the Tyrrell Auto Centers finance department

What Does Gap Insurance Do?

Looking at your insurance options, you’re sure to notice the different levels of coverage for your needs around Greeley, but what does gap insurance cover? Along with protecting the difference of the amount still owed on the vehicle, gap insurance gives coverage with incidents such as: 

  • Damages surrounding natural disasters (tornado, hurricane, flood, etc.)
  • Fire
  • Theft
  • Accidents
  • Vandalism

With the unpredictable nature of the roads around town, gap coverage makes sure you’re not leaving things to change. Have peace of mind knowing you have coverage with gap insurance. 

Should I Get Gap Insurance?

Now that you have a better idea of what gap insurance does, you might be wondering whether gap insurance is worth it. It’s common knowledge that your vehicle’s worth depreciates once it leaves the Laramie-area lot. Yet, with gap insurance and your other insurance, your vehicle’s worth is covered and you won’t be out of luck in the event of an unpredictable accident. 

How to Get Gap Insurance

It’s pretty simple to find the coverage you need on the roads around town. Reach out to a reputable auto insurer or the team at Tyrrell Auto Centers to acquire gap insurance for your car, truck, or SUV. After the initial one-time fee, your gap insurance coverage can cost as little as $20 a year. 

Explore Coverage Options with Tyrrell Auto Centers! 

If you have more questions about what gap insurance can do for you or your other coverage options, contact our team at Tyrrell Auto Centers. When you’re shopping for new and used vehicles from Tyrrell Auto Centers, our finance team will work with you to ensure you have everything you need to take on the roads around town with confidence.

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