What Does Gap Insurance Do?

February 7th, 2019 by

Blue sedan got into a rear-end collision with a red minivan

Car insurance covers a lot, but not everything. That’s where gap insurance comes in. Gap insurance is there to fill in the “gaps” and cover a variety of vehicle issues for drivers from St. Clair Shores to Grosse Pointe. Keep in mind though, that this insurance only covers damage to your vehicle, not bodily injuries or property damage.

FInance Department Contact Us

What Does Gap Insurance Cover?

  • Gap Insurance Covers:
    • Fire
    • Theft
    • Accident
    • Vandalism
    • Acts of nature (tornado, hurricane, flood, etc.)
  • Gap Insurance Does NOT Cover:
    • Engine failures and other mechanical repairs/malfunctions
    • Deductible (though some gap insurance policies allow this)
    • Extended warranties
    • Death

Gap insurance is there to cover the total loss in case of an accident. This is an optional coverage, but it’s worth considering, and you can talk to your insurance provider to see if it’s right for you.

Do I Need Gap Insurance?

The short answer is no, but it’s highly recommended that you add gap insurance when buying a new car and sorting through the financing and insurance plan options. Gap insurance is especially helpful if your dealership offers a plan that includes deductible coverage. Having this insurance can help you save money and give you peace of mind in the unfortunate event of an accident in the Sterling Heights area.

Explore Finance and Insurance Options at Jeffrey Kia

Ready to buy a new Kia or used vehicle or just starting the car-buying process? We welcome you to speak to our sales team about our available inventory and our finance team about buying and leasing options, as well as necessary and optional insurance. Contact us online or visit us in Roseville.

More from Jeffrey Kia

  • 2019 Kia Optima Price

    Drivers around Grosse Pointe looking to upgrade to a new reliable sedan for themselves for their families should look no further than the 2019 Kia Optima lineup. Whether you’re drawn to the 2019 Kia LX, S, EX, or SX, you’ll find exactly what you’re looking for at a price you’ll appreciate. Here’s what you can expect…

  • What is the 2019 Kia Sorento Towing Capacity?

    With the Kia Sorento tow package, the 2019 Kia Sorento is capable of towing up to 5,000 pounds. And since each job is different, Grosse Pointe drivers can choose a trim level with the right engine, drivetrain, and towing capacity they need. 2019 Sorento DetailsNew Sorento Inventory 2019 Sorento Towing Capacity With Base Engine The 2019…

  • Green Tag Sales Event: $50 a Week Deal

    Want to lease a new Kia for just $50 down and $50 per week? You can do that right now at Jeffrey Kia, the home of the $50 a week deal! This offer is a celebration of serving the greater Grosse Pointe community for 50 years, but it won’t last forever — this lease deal is only…

 

Posted in Finance