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
Other Articles That May Interest You
Mercedes-Me Connect is transforming the way Mercedes-Benz owners in Brampton interact with their vehicles, integrating cutting-edge technology to make driving safer, easier, and more enjoyable. This comprehensive suite of features and services acts as a digital bridge between your Mercedes-Benz and your everyday life, redefining automotive convenience through advanced connectivity. Unveiling...
The new 2025 Mercedes-Benz introduces a range of improvements that elevate the Mercedes-Benz luxury flagship EV’s status as a leader among its rivals. The Mercedes-Benz EQS Sedan has set a new standard for luxury electric vehicles since its introduction, and now with its 2025 model year updates, it reinforces the automaker’s position as one of the most impressive premium electric vehicles...
Mercedes-Benz has unveiled the latest addition to its electric fleet, the all-new Mercedes-Benz eSprinter, aimed at redefining efficiency, range, and load capacity in the commercial van sector. This launch signifies a significant step forward in Mercedes-Benz's commitment to sustainable transport solutions, particularly for the North American and European markets. A Closer Look at the eSprinter...
