From deciding on the length of your loan to picking out the perfect lease package, the team at Acura of Baton Rouge can help you work through all the important financing and insurance decisions you need to make before picking up a new car. Most people know about simple car insurance, but gap insurance isn’t quite so well understood. In a nutshell, gap insurance bridges the gap between what you owe and what a vehicle is worth in the unlikely event of an accident. We’re here to break down it down for East Baton Rouge and Ascension drivers.
What Does Gap Insurance Cover?
While your standard auto insurance policy covers property damage and bodily injury, gap insurance is mainly designed to cover damage to the vehicle. You’ll enjoy coverage in case of:
- Theft
- Fire
- Vandalism
- Accident
- Acts of nature
However, there are a few things gap insurance doesn’t cover, including:
- Engine failures and mechanical repairs
- Death
- Extended warranties
- Deductible (in most cases)
Essentially, it ensures you won’t still be paying off part of your loan if the car is ever totaled in an accident or otherwise lost.
Do I Need Gap Insurance?
Gap insurance isn’t something everyone needs, but it’s an especially good call when you can arrange a plan that includes deductible coverage. We’d recommend talking to our financing team – they’ll work to understand your own situation and provide advice based around it.
Explore Insurance and Finance Options at Acura of Baton Rouge
It doesn’t matter if you’ve decided on everything from trim level to seating surfaces or are just at the start of your buying journey, it’s always a good idea to start looking into those important financing and insurance options, such as liability insurance and how much is gap insurance. The team at our Baton Rouge dealership is always ready to be of assistance to Livingston-area customers, so feel free to contact us today or apply for credit online. We are also here to answer any of your service questions, like how to rotate tires.
