Car insurance paperwork

What does gap insurance do and how is it different from other types of insurance? Gap insurance is an optional insurance, and has the specific purpose of covering the gap between the cash value insurance pays out and the amount that is still owed on an auto loan if a vehicle is totaled. This can help protect you from being put in the situation where you have to make payments on a vehicle that is no longer drivable in Hayward. Get more details on gap insurance and how it works with Audi Fremont. 

What Does Gap Insurance Cover & NOT Cover? 

What exactly does gap insurance cover and not cover? Gap insurance covers your vehicle but will not cover other vehicles, property damage, or bodily injury. See a coverage breakdown below: 

Gap Insurance Protects Against: 

  • Vandalism
  • Accident
  • Theft
  • Fire
  • Other acts of nature (flood, hurricane, tornado, etc.)

Gap Insurance DOESN'T Cover:

  • Mechanical repairs and/or malfunctions
  • Engine failures 
  • Extended warranties
  • Death
  • Deductible (double-check your policy, as a few do allow for this)

As you can see from the details above, the answer to "What does gap insurance do?" is that it's been created to protect you if your vehicle gets totaled. 

Gap Insurance- Do I Need it? 

Gap insurance isn't mandatory and there are times when purchasing it doesn't make sense- such as if you pay in full for your vehicle or if you're purchasing a used vehicle that has already taken a large hit in depreciation. With new vehicles, however, gap insurance can go a long way to provide peace of mind and protect your finances against the unexpected. Connect with the Audi Financial Services representative at the Audi Fremont finance center to get more information on whether or not gap insurance is right for your situation. 

Protect Your Vehicle With Audi Fremont Near Milpitas

Audi Fremont can help you sort through your insurance options and other plans like Audi Care to ensure you cruise in your Audi with peace of mind. Speak with us today to learn how you can feel confident behind the wheel of your Audi in San Jose.

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