What is Hyundai GAP Insurance?

When shopping for a new vehicle, most Dickson City drivers want to focus on the excitement of a brand-new ride with modern features and elevated performance. However, while less exciting, it’s also important to consider insurance options to help protect your investment. 

Should you get Hyundai GAP insurance if you’re upgrading to a new Hyundai? Guaranteed Asset Protection (GAP) may come in handy if your vehicle is ever considered a total loss while you still owe money on the loan. Learn more about this Hyundai insurance plan below to determine if it’s right for you, and feel free to contact our finance center with questions.

Hyundai Insurance: Guaranteed Asset Protection (GAP)

Hyundai models include a generous warranty package that covers everything from your powertrain to your paint, but every plan has its limitations. Guaranteed Asset Protection, or GAP, provides extra coverage in the case of a total loss. That means that you are still protected against unexpected emergencies like Dunmore accidents, theft, or even natural disasters. How does this Hyundai insurance plan work?

• GAP will waive the difference between your outstanding loan balance and insurance with no maximum dollar amount on covered losses waived
• GAP will also waive your primary insurance deductible up to $1,000

Hyundai Insurance: Coverage Exclusions

Guaranteed Asset Protection can extend a lifeline to you in the case of a major catastrophe, but there are a few exceptions to keep in mind:

• GAP does not cover vehicular damage from illegal behavior, such as DUIs or fraudulent activity.
• Coverage does not include vehicles used for competitive driving or racing.
• GAP coverage will not include prior damage, salvage, missing items, excess towing, custom equipment, or storage.
• For more information about exceptions, feel free to contact our financing team.

Explore Hyundai GAP Insurance Near Clarks Summit

Does this Hyundai insurance plan sound like a smart choice for you? The team at Dickson City Hyundai can help you explore Hyundai GAP insurance, among other options, at our dealership. Feel free to apply for pre-approval if you’ll also need financing, then visit us in Scranton to make a smooth upgrade! We’re here for you at every step of your journey.