Additionally, paste this code immediately after the opening tag:
Filter

E-Pace on road

What is GAP Insurance?

What is GAP insurance on a car? GAP stands for Guaranteed Asset Protection, and this type of car insurance covers the difference between the value of a vehicle you just purchased and the balance still owed on it. Learn more about GAP insurance coverage from the Hornburg Jaguar Santa Monica our finance center, and don’t hesitate to contact your local authorized Jaguar retailer if you have any questions in Malibu!

What Else Does GAP Insurance Cover?

What is GAP protection? In the event of an accident, GAP insurance will pay to cover the difference between what you paid for the vehicle and what is still owed on the vehicle when the accident occurs. But that’s not all this covers.While it doesn’t cover bodily injuries, mechanical repairs, or your deductible, here is a list of things that will be covered when you purchase GAP insurance:

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

Having this type of coverage comes in handy when regular insurance won’t cover all of these unexpected inconveniences. You never know when you’re going to need it, so it’s better to be prepared with GAP insurance when buying a car.

Is GAP Insurance Worth It?

Absolutely! Having GAP insurance is a good idea if you are purchasing a new car with a car loan because it protects your vehicle investment when something out of the ordinary occurs, like the theft of your vehicle. And since your vehicle depreciates the second you drive off the lot, this insurance will cover the “GAP” between the worth of your vehicle and what your insurance will cover if you get into an accident.

If you are purchasing an older model vehicle or a used car, GAP insurance is something you may want to look further into before purchasing. Research depreciation rates for that particular year, model, and the condition of your vehicle before deciding if it’s worth it.

How Can I Get GAP Insurance?

You can get GAP insurance through your auto insurer whether that’s through your dealership of choice or a business that deals explicitly with auto coverage. If you decide to get covered, it’ll cost as little as $20 a year plus the one-time fee at the time of purchase.

Get Your Auto Loan at Hornburg Jaguar Santa Monica

If you’ve found the new vehicle you want to take home to Brentwood, contact our finance department at Hornburg Jaguar Santa Monica to learn more about buying GAP insurance, or apply for financing online to get a head start on the process. You can also check out more car buying tips at your local authorized Jaguar retailer today!

More From Hornburg Jaguar Santa Monica

  • 2019 Jaguar I-PACE Interior

    The 2019 Jaguar I-PACE is a carefully designed all-electric SUV on the inside as well as out. It’s unique silhouette and twin motor placement also allow for generous interior dimensions and up to 51.0 cubic feet of cargo space. Explore Jaguar interior design and features at %di_name%% near Malibu, then contact us to schedule a test…

  • 2019 Jaguar I-PACE Dimensions

    If you want to learn more about the alluring 2019 Jaguar I-PACE in Malibu or Pacific Palisades, know that this first-ever Jaguar electric SUV has been scooping up awards left and right for its unique and innovative design. This not only includes sleek looks inside, and out, but also a carefully engineered structure that enhances performance and passenger experience…

  • 2019 Jaguar I-PACE Models

    If you are shopping for electric cars in Malibu, the uniquely-designed and spacious Jaguar I-PACE models stand out against rivals like the Tesla Model X. Take a look at each Jaguar I-PACE trim level to find out which configuration is right for you, then contact Hornburg Jaguar Santa Monica to schedule a test drive this crossover SUV! Learn…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(424) 291-4842

Call Now

3020 Santa Monica Blvd • Santa Monica, CA 90404

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7am-6pm

Hornburg Jaguar Santa Monica

3020 Santa Monica Blvd Santa Monica, CA

Phone:

http://maps.google.com/?q=3020%20Santa%20Monica%20Blvd%2C%20Santa%20Monica%2C%20CA%2090404

Sales

Phone: (424) 291-4842

3020 Santa Monica Blvd Santa Monica, CA

Service

Phone: (424) 291-4594

3020 Santa Monica Blvd Santa Monica, CA
34.0366906 -118.4693878
[schema type="organization" orgtype="LocalBusiness" url="www.hornburgjaguarsm.com" name="Hornburg Jaguar Santa Monica" description="" street="3020 Santa Monica Blvd" city="Santa Monica" state="CA" postalcode="90404" country="United States" email="" phone="" logo="https://di-uploads-pod6.dealerinspire.com/hornburgjaguarsantamonica/uploads/2016/07/Hornburg-jag-1.jpg"]
Hornburg Jaguar Santa Monica
Hornburg Jaguar Santa Monica
3020 Santa Monica Blvd
Santa Monica, CA, 90404 United States
https://di-uploads-pod6.dealerinspire.com/hornburgjaguarsantamonica/uploads/2016/07/Hornburg-jag-1.jpg
Hornburg Jaguar Santa Monica 34.0366906, -118.4693878.