{"id":8656,"date":"2024-07-01T19:06:56","date_gmt":"2024-07-01T19:06:56","guid":{"rendered":"https:\/\/www.acceptanceinsurance.com\/?page_id=8656"},"modified":"2024-07-01T19:06:57","modified_gmt":"2024-07-01T19:06:57","slug":"cheap-guaranteed-auto-protection-bridge-the-gap","status":"publish","type":"page","link":"https:\/\/www.acceptanceinsurance.com\/our-products\/auto-insurance\/cheap-guaranteed-auto-protection-bridge-the-gap\/","title":{"rendered":"Cheap Guaranteed Auto Protection: Bridge the GAP"},"content":{"rendered":"
GAP is a lifesaver for people whose relatively new vehicle is declared a total loss. It helps protect you financially if your car has depreciated to a value less than what you owe. Many people do not understand how quickly this happens. As soon as you drive your new car off the lot, it begins to lose value rapidly. In fact, many people who finance their vehicle become \u201cupside down\u201d in the first year. This means they owe more than their now used vehicle is worth. If your vehicle is declared a total loss in a covered event, your insurance company will pay you the actual cash value (ACV) \u2014 which may be less than what you owe.<\/p>\n
This insurance bridges the \u201cgap\u201d between the ACV and what you owe. It is not a required\u00a0car insurance<\/a>, but is considered a beneficial coverage add-on. It is only available for newer vehicles less than one year old. If you recently purchased a car, speak to an experienced Acceptance agent to understand GAP insurance.<\/p>\n <\/div>\n <\/div>\n \n <\/picture>\n <\/div>\n <\/div>\n\n\n\n
How Does it Work?<\/h2>\n