Here at O’Brien Subaru of Fort Myers, we know how amazing our new 2019 Subaru models are when it comes to safety. Subaru models like the 2019 Subaru Outback are some of the safest vehicles on the road today. Unfortunately, accidents do happen and if you’re not properly covered, you might find yourself without a vehicle while still owing money.
As your Fort Myers, FL Subaru dealership, we want to help all our drivers get the best knowledge and protection. That’s why we’re covering the topic of gap insurance.
Guaranteed asset protection is a type of vehicle coverage that you purchase along with another coverage like collision protection, and it can help you in the event you total your car. While collision protection only covers you for the current value of your vehicle, gap insurance covers you for the amount you still owe when you finance.
Simply put, gap insurance covers the cost you owe your lessor for the remainder you owe on the original price of the car. For example, if you still owe $10,000 on your new vehicle, but your collision coverage only covers up to $9,000, you’ll pay $1,000 without gap insurance.
Gap insurance is useful for drivers with newer cars who are still making payments on their vehicle. If you’re wondering if this type of insurance is right for you, we here at O’Brien Subaru Ft Myers recommend learning the current value of your Subaru model and comparing it to what you still owe.
Shopping for a new vehicle should be fun, and we want to do everything we can to provide a pleasant experience. Visit us today at 2850 Colonial Blvd to shop for new Subaru models and speak with our staff about the best insurance policies for your needs.