Gap insurance is an important element to purchasing a new vehicle. Oftentimes buyers finance a car with the intent of paying it off in a reasonable amount of time. However, there are incidents that may occur that prevent this transaction from occurring. This includes theft or accidents.

At such a point the loan contract on the car will normally be more than the actual worth of the vehicle according to Blue Book information. For example, a car was financed for $15,000. However, it became unusable halfway through the contract. There is $7,500 owed. Yet the payoff value for the car is only $4,000. In this case gap insurance will make up the difference so that you do not have to foot the bill for an automobile that you no longer have the services of.

We here at Jenkins Hyundai are totally able to help you learn more about and purchase gap insurance. We want to make sure you're covered in all circumstances. Stop in today and we'll talk about your options.