When you proceed to your car dealership company to finally get that new car, probably the last thing on your mind is the thought of what is going to happen when your brand new car or your “newly-bought” car gets totaled soon. Guaranteed Auto Protection, or simply known as GAP or GAP insurance, will take care of the gap in your standard insurance that you most likely mistake to be included in the coverage already. As a matter of fact, it shows from studies that 9 out of 10 car owners have no idea of what GAP insurance cover is. This is sad, because GAP could prove to be the most important coverage you could have purchased as a car owner. Therefore, you must familiarize yourself with what it is and how it works so that you can determine if taking it up would be beneficial to you. (more…)
