What Does Gap Insurance Cover?

Tiny car with insurance documents

When you purchase a new vehicle at Weir Canyon Acura in Anaheim, there will be several insurance options and coverages for you to choose from. While there are a variety of insurance options, we recommend Gap insurance coverage for your new vehicle. But what does gap insurance cover? What does Gap insurance do? Essentially, Gap insurance covers the gap between what you owe on the vehicle and the true cash value of the vehicle at the time of an accident. Let’s dive into what Gap insurance covers below.

What Does Gap Insurance Do?

So, what does Gap insurance cover exactly? Gap insurance covers several issues you can run into with your vehicle. For first-time Tustin buyers, Gap insurance is only meant to cover any damage to your vehicle, not bodily injuries or damage to property. This is very important to keep in mind when an accident occurs and you’re looking at what is and is not covered. But, what does Gap insurance do? It covers the following: 

Gap Insurance Covers:

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

Gap Insurance Does NOT Cover:

  • Deductible (though some gap insurance policies allow this)
  • Engine failures and other mechanical repairs/malfunctions
  • Death
  • Extended warranties

After asking, “What does Gap insurance do?” Always remember that it’s meant to cover complete loss when an accident happens. While it is optional coverage, call your insurance company near Montclair to discuss it.

Do I Need Gap Insurance?

Besides asking, “What does Gap insurance cover?” You’re probably asking if you actually need it too. Honestly, no, you do not need it but we our finance team highly recommends it. Gap insurance is extremely helpful when a dealership offers any Costa Mesa driver a plan with a deductible coverage. Gap insurance helps you save money at the time of an accident, provides you with peace of mind, and offers you protection that some insurance coverages do not.

Explore Finance Options at Weir Canyon Acura

Now that we’ve answered, “What does Gap insurance cover?” Contact us with additional questions about insurance plans and useful car-buying tips before you purchase that new MDX

 

More from Weir Canyon Acura

  • 2024 Acura TLX MPG

    Looking for a sporty sedan with some zip and outstanding fuel efficiency? You’ll love the 2024 Acura TLX mpg ratings for your Costa Mesa drives. This car has outstanding power with its turbocharged engine choices to go along with Super Handling-All Wheel Drive (SH-AWD) capabilities for slick roads. Keep reading this guide to the 2024 Acura…

  • 2024 Acura Integra 0-60 Time

    Ready to put a high-performance sedan in your Costa Mesa garage? Look no further than the 2024 Acura Integra, a stalwart of the brand for decades. It’s got everything a modern driver wants in a new vehicle, from a high-tech interior to a speedy engine.  Our guide to the 2024 Acura Integra 0-60 time covers much…

  • 2024 Acura RDX MPG

      Acura vehicles are high-performing, premium vehicles that will transform the way you enjoy your drives around Costa Mesa and Tustin. If you’re searching for a vehicle that can deliver high-end performance and impressive fuel efficiency, you’d want to take a look at the new Acura RDX. The 2024 Acura RDX mpg for its base trim…

Weir Canyon Acura 33.8769357, -117.75044.