GAP Insurance *Why it is Important*
One of the most important additions to your insurance policy just might be GAP insurance. If you total your late model car and you are financing, particularly in the current automotive markets, your Actual Cash Value (ACV) is often less than you owe your financial institution.
It is wise to carry GAP Insurance. This will make up the difference between what’s owed and what your ACV is. There is nothing more frustrating than losing your vehicle in a total loss scenario and still owing thousands of dollars after a correct insurance settlement.
DVAC can make sure that you receive a correct total loss settlement. You must do your part and have correct insurance coverage.