Hyundai GAP Insurance: What’s the Deal?
When you begin the process of purchasing a new Hyundai model, the last thing you want to think about is a catastrophe! Peace of mind comes with the forethought of acquiring total protection, and Hyundai insurance is a great way to stay covered through every circumstance.
What is Hyundai GAP Insurance? Hyundai GAP coverage, or Guaranteed Asset Protection, provides additional insurance to protect against any major incidents that you encounter on the road. If you still owe money on your loan and your insurance plan can’t pay out what you need, GAP is a great back up to get over that hump. Explore the details below with the Clay Cooley Hyundai Of Mesquite finance team near Dallas.
Hyundai Insurance: Have Guaranteed Asset Protection (GAP)
Hyundai models have a generous warranty package covering everything from your powertrain to your paint. However, there are limits to Guaranteed Asset Protection, or GAP Insurance. It protects in the case of total loss.
That means that Duncanville drivers are still protected against unexpected emergencies like accidents, theft, or even natural disasters. So how does this Hyundai insurance work?
- GAP will waive the difference between your outstanding loan balance and insurance payout up to $150,000 or 150% of your car’s MSRP.
- GAP will also waive your deductible up to $1,000.
- Up to $50,000 of losses may be waived.
Hyundai Insurance: Exclusions
Guaranteed Asset Protection can extend a major lifeline to Dallas and Duncanville drivers in the case of a major catastrophe, but there are a few exceptions to keep in mind:
- It won’t cover vehicular damage from illegal behavior, such as DUIs or fraudulent activity.
- It does not include vehicles used for competitive driving or racing.
- It will not exceed the program maximums.
Explore Hyundai Insurance with Clay Cooley Hyundai Of Mesquite!
Dallas drivers who know what GAP insurance is may still have questions — and our team at Clay Cooley Hyundai Of Mesquite is ready to answer each one! Just contact us online for more information on the insurance industry or drop by the dealership to chat with our team.
More from Clay Cooley Hyundai Of Mesquite
The interior and the cargo space is a much-lauded aspect element of the new Hyundai Tuscon. This vehicle is not only sleek and beautiful on the outside, but is roomy and spacious on the interior as well. This is largely due to the interior colors and well as the interior features. With the cargo…
The 2022 Hyundai Palisade isn’t just a stylish 3-row SUV, but also a powerhouse on the road. Not only does it offer top-notch performance and handling, but the Hyundai Palisade MPG reaches up to 26 mpg on the open Dallas highway. That means you can spend more time enjoying the ride and less time…
How a 5-Star Review Can Help Save You Money The marketplace for auto sales has changed. With inventory shortages across all brands and the cost of even used cars rising, the market is more competitive than ever. Dealerships are faced with new challenges, including the inability to count on having the best offer available…