If you're planning on making payments on a vehicle and that vehicle is either stolen or damaged beyond repair, GAP insurance will cancel your debt. Auto coverage through your insurance typically pays the vehicle's actual cash value rather than the total amount you owe on your car loan. This difference, or "gap" could leave you responsible for thousands of dollars. GAP coverage will give you the peace-of-mind that you will be covered against any out-of-pocket expenses, including your insurance deductible (up to $1000.00)
Call and ask for the Finance Department for more details at 831-464-1500 or fill out the contact form below.
