What is GAP Insurance?

If you’re considering your protection on Niagara roads, you may be wondering, “what is GAP insurance on a car?” GAP insurance, or Guaranteed Asset Protection insurance, provides additional coverage for the difference between the value of your Mercedes-Benz and the balance still owed on it. Follow along with Performance Mercedes-Benz as we cover what GAP insurance on a car is, and how you can get it for your vehicle. Then, contact the team in our finance centre for all your financing questions.

What is GAP Insurance Coverage?

What is GAP protection? Not only does it give you peace of mind in Niagara-on-the-Lake by protecting the difference between the vehicle’s value and the remaining balance, but it also helps if you face other challenges on the road. While you should have other insurance that covers bodily injuries, mechanical repairs, or your deductible, what GAP protection covers is:

• Theft
• Fire
• Vandalism
• Accidents
• Nature damages (tornado, hurricane, flood, etc.)

If you still have questions, like “what is GAP insurance on a car?” Keep in mind that your standard insurance doesn’t always cover unexpected disturbances. So, GAP protection is that extra coverage you’ll be happy to have.

Should I Get GAP Insurance?

It’s definitely worth it to look into what GAP insurance is! You’ve put your time and money into your vehicle around Pelham, so with this extra protection, you ensure the worth of your investment when something out of the norm happens. It’s common knowledge that your vehicle depreciates the second you drive off the lot, and this insurance means that one accident doesn’t completely ruin your investment.

How to Get GAP Insurance

It’s simple finding the GAP insurance you need to protect you around St Catharines. Whether it’s through your insurance provider or easily through our dealership after browsing our inventory of new Mercedes-Benz. And if you decide to get GAP coverage, it can cost as little as $20 a year plus a one-time fee at purchase.

Explore Your Financing and Insurance Options with Performance Mercedes-Benz!

Now that you know what GAP insurance is, explore our other car buying tips. Learn more about helpful forms of coverage through our guides about extended warranties or liability insurance. Then, be sure to contact us if you have any more questions.