Don't Gamble, Get GAP Insurance Coverage.

No one can predict when an accident will happen. You can be driving happy one minute and in the middle of a wreck the next. That's why it's important to have good insurance covering your car.

What equates to good insurance, however, is an important question to ask yourself.

Many "comprehensive" insurance policies will only reimburse you for the fair market value of your car in the case of a total loss accident. While that's no small chunk of change, it can often still be thousands less than the money you owe on your car loan. Standard insurance policies won't cover that difference.

"negative equity" got me like 🙀 ☠️ #adulting https://t.co/4it7FAuTp2

— Adulting101.how (@adulting101how) September 25, 2017

GAP insurance, meanwhile, does. If you purchase extra GAP insurance, your insurance company will cover the total remaining amount of your loan, in addition to the fair market price of your car. This can give you the freedom you need to walk away from an unfortunate event debt free.

Don't gamble with your finances. Next time you are in Mechanicsburg, PA, stop in and visit the finance experts at Faulkner Dodge Ram FIAT. Not only can we help you find a great vehicle, we can also educate you on your coverage options and make sure you have the insurance you need.

Categories: Finance