GAP insurance is a great way to protect yourself from major money problems. If you are leasing or buying a car and have insurance already, chances are you still need to get additional coverage. For example, if you are buying a car that's worth $10,000 but you still owe $15,000 in car payments, you should have GAP insurance. The reason is that your insurance will pay to replace your car if it is stolen or totaled, but they will not cover the $5,000 that you still owe to your dealership.

There are plenty of benefits to GAP coverage, but only you can decide if it's right for your vehicle. If you need help figuring out your GAP insurance, here at Toyota of Cleveland our financing team can be a great resource. Chances are that you will need to get GAP coverage, so stop by today and talk with us regarding your options today.

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