Mercedes-Benz Brampton
10 Coachworks Crescent, Brampton, Ontario, L6R 3Y2
Wondering to yourself what is GAP insurance? Or more specifically, what is GAP insurance on a car? GAP Insurance, or Guaranteed Asset Protection Insurance, covers the difference between the value of your car and the balance still owed on it when financed. Feel the need to apply for coverage? Just interested in learning more? Contact us at Mercedes-Benz Brampton where our finance centre can help answer your questions.
What is GAP protection? GAP insurance actually covers a lot more than simply the difference between your vehicle’s value and the amount you owe on it in the event of an accident in Caledon. GAP insurance doesn’t cover bodily injuries, mechanical repairs, or your deductible, but it does help you with:
This type of coverage comes in handy particularly when regular insurance doesn’t cover all of these incidents. You might need it someday, and it’s better to be prepared with GAP insurance than not – especially with vehicles as high-value as Mercedes-Benz.
GAP insurance is definitely worth it. GAP coverage means your investment is protected when something unexpected happens, like theft or severe weather in Orangeville. Remember: Your vehicle unfortunately depreciates the second you drive off the lot. So, this insurance covers that gap instantly between your Mercedes-Benz model’s value and your remaining insurance coverage.
Your dealership or auto insurer both likely offer GAP insurance. So if you decide to buy coverage, only $20 per year plus a one-time fee at the time of purchase can mean the difference between peace of mind and not when you’re out driving in Georgetown.
Ready to insure your new vehicle as thoroughly as possible? Contact our finance centre. Our knowledgeable staff is standing by to help answer any questions you may have, whether they pertain to GAP insurance, comprehensive insurance, or Mercedes-Benz warranty coverage
You might also be interested in these blogs:
Other Articles That May Interest You
All-New 2026 Mercedes-AMG E53 Wagon: Hybrid Performance with More Versatility
For performance enthusiasts and families across Ontario who refuse to choose between thrilling acceleration and everyday versatility, the 2026 Mercedes-AMG E 53 HYBRID 4MATIC+ Wagon delivers both. This marks the first performance hybrid wagon from Mercedes-AMG available in Canada, bringing plug-in hybrid technology to the wagon segment with 604 hp, all-electric driving capability, and the cargo...
The Most Spacious 2026 Mercedes-Benz SUVs: A Cargo & Seating Guide
Finding the right SUV means balancing space, luxury, and everyday practicality. For families and professionals in Brampton and across Ontario, cargo capacity and seating flexibility often determine which model fits best. The 2026 Mercedes-Benz SUV lineup offers eight distinct models, each designed to meet different space requirements without sacrificing the comfort and technology Mercedes-Benz...
What's New for 2026: Your Guide to the Mercedes-Benz Lineup
Mercedes-Benz has introduced extensive updates across its entire 2026 lineup, from all-new electric models to refined packages and advanced technology. Whether you're exploring luxury sedans, SUVs, or high-performance AMG variants, the 2026 model year brings fresh options for drivers in Ontario and beyond. This year stands out with two major electric debuts. The all-new CLA Sedan with EQ...
