What Does Gap Insurance Do?

girl with agent in red car


Drivers from Chicago to Northbrook who are in the market for a new vehicle will have important financing and insurance decisions to make. The expert finance team at Jennings Volkswagen is here to assist. Our expert Volkswagen team will help you determine the best terms and length of your loan, as well as answer any questions you may have on gap insurance. Most drivers are aware of car insurance and the benefit it offers, however, gap insurance is a bit different.

So, what does gap insurance do? Simply put, gap insurance is designed to bridge the gap between the amount you owe and the value of the car in the event of an accident. Read on to learn more about exactly what that means, courtesy of Jennings Volkswagen.

What Does Gap Insurance Cover?

What does gap insurance cover? It is important for Park Ridge drivers to note, gap insurance is primarily used to cover damage to your vehicle. Your standard car insurance policy would cover things like property damage and bodily injury. Read on to check out our comprehensive list of what you can expect from a gap insurance policy:

Gap Insurance Covers

  • Theft
  • Fire
  • Vandalism
  • Accident
  • Acts of nature (in the event of a tornado, hurricane, flood, etc.)

Gap Insurance Typically Does NOT Cover

  • Deductible (however, some gap insurance policies do allow for this)
  • Engine failures and other mechanical malfunctions/repairs
  • Death
  • Extended warranties

What does gap insurance cover? Gap insurance can come in handy as it covers a driver in the event of a totaled car. Glenview area drivers should note, gap insurance is an optional coverage, however, it can definitely bring a certain peace of mind in those early months of car ownership. You certainly wouldn’t want to still be paying off part of your car loan following an accident in which your new vehicle was totaled.

Do I Need Gap Insurance?

What does gap insurance do and is it necessary? While there is no requirement mandating you have gap insurance, it is still a great decision to invest in some. Gap insurance is generally categorized as the kind of insurance no one ever wants to need, but when it is needed, you will be glad you have it. Gap insurance can be particularly beneficial if your dealership offers a plan that includes deductible coverage. Ready to invest in gap insurance? Our finance team is standing by, ready to assist you with getting insured quickly and easily.

What Does Gap Insurance Cover and More from the Finance Team at Jennings Volkswagen

Whether you’re ready to purchase a trendy new Volkswagen Golf or you’re just beginning your car buying journey, it is important to look into the financing and insurance options that are available in the market. Contact our team today with any questions you may have on new vehicles, vehicle maintenance from our service center, or simply a recommendation on the best SUVs for snow. Your local authorized Volkswagen dealership is standing by, ready to assist!

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

847-453-3091

Call Now

201 Waukegan Rd • Glenview, IL 60025

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7am-5pm

Open Today! Parts: 6:30am-6:30pm

Jennings Volkswagen

201 Waukegan Rd Glenview, IL

Phone: 847-453-3091

http://maps.google.com/?q=201%20Waukegan%20Rd%2C%20Glenview%2C%20IL%20600

Parts

Phone: 844-742-1086

201 Waukegan Rd Glenview, IL

Sales

Phone: 844-742-1085

201 Waukegan Rd Glenview, IL

Service

Phone: 844-742-1086

201 Waukegan Rd Glenview, IL
42.077810 -87.798544
Jennings Volkswagen 42.077810, -87.798544.