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.