Saved Vehicles

2019 C-Class

What Is GAP Insurance?

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 Else Does GAP Insurance Cover?

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:

  • Theft
  • Fire
  • Vandalism
  • Accidents
  • Nature damages (tornado, hurricane, flood, etc.)

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.

Is GAP Insurance Worth It?

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.

How Can I Get GAP Insurance?

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.

Learn More at Mercedes-Benz Brampton

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, liability insurance, or Mercedes-Benz warranty coverage.

Mercedes-Benz Brampton

10 Coachworks Crescent Brampton, ON

Phone: (888) 436-3849

http://maps.google.com/?q=10%20Coachworks%20Crescent%09%2C%20Brampton%2C%20ON%20L6R%203Y2

Parts

Phone: (888) 910-4496

10 Coachworks Crescent Brampton, ON

Sales

Phone: (888) 436-3849

10 Coachworks Crescent Brampton, ON

Service

Phone: (888) 845-4365

10 Coachworks Crescent Brampton, ON
43.7582163 -79.7948974
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Mercedes-Benz Brampton
Mercedes-Benz Brampton
10 Coachworks Crescent
Brampton, ON, L6R 3Y2 Canada
(888) 436-3849
https://di-uploads-pod4.dealerinspire.com/mercedesbenzbrampton/uploads/2019/08/Mercedes-Benz-BramptonOGImage.png
Mercedes-Benz Brampton 43.7582163, -79.7948974.