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When you are shopping for a new vehicle in Conway, you have a lot of decisions to make. One of those decisions is whether or not to purchase gap insurance. Gap insurance coverage is an option you will want to seriously consider. Learn about the basics of gap insurance, and chat with our finance experts if you have any additional questions.
Gap, or guaranteed asset protection insurance, covers the difference (or the “gap”) between the cash value of your car and the amount still owed on it. You can purchase gap insurance no matter if you decide to lease or buy your next vehicle.
Is gap protection worth it? Absolutely. Gap insurance is a relatively affordable way to have the peace of mind that you will not end up owing more than your vehicle is worth at the time of an incident. Listed below are just a few of the other reasons that you should not forgo gap insurance coverage:
Purchasing gap insurance is actually quite simple: