When you buy a new vehicle from Morrie's 394 Hyundai, it’s important (and legally required) to have insurance. But, have you ever heard of Hyundai Guaranteed Asset Protection (GAP) insurance? This type of Hyundai insurance provides additional coverage in the event that you get into an accident on the roads of Minneapolis. GAP insurance pays the difference between what you still owe on your car loan and what your standard insurance won’t cover. That way, you’re covered no matter what!
Take a deeper look at what Hyundai GAP insurance does with the finance center at Morrie's 394 Hyundai to see if it’s something you need!
Every new Hyundai vehicle comes with a warranty protection program that covers major components, but it’s still slightly limited. GAP insurance fills in the gaps left by those limitations in case you get in an accident in Richfield and the vehicle is deemed a total loss. Even accidents, theft, and acts of nature are covered with this special type of Hyundai insurance.
Here’s how GAP insurance works:
While Hyundai GAP insurance can certainly provide additional coverage in the case of an accident in Minnetonka, there are still some things it won’t cover. When deciding whether to get GAP insurance, keep in mind that the following isn’t covered:
For any other questions you have about this type of Hyundai insurance, reach out to our finance team at Morrie's 394 Hyundai. We also have other helpful car-buying tips and best practices to help you make the best decision possible when looking for your new Hyundai.
If you have any questions about this special Hyundai insurance type or anything else related to owning a new car, contact us. We’d be happy to answer any questions you have and assist you in any other way during your shopping experience!
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