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Does Arbella Insurance offer gap insurance?

I just bought a new car and switched car insurance providers. I’ve been burned in the past, so I want to purchase gap insurance to protect my investment. Does Arbella Insurance offer gap coverage?

avatar
Melanie Johnson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congratulations on the new car—and the new car insurance policy! You’ll be pleased to know that Arbella Insurance does offer Guaranteed Asset Protection, also known as
gap insurance
.
As you know, gap insurance protects you from paying the cost of your vehicle’s depreciation if you’re involved in an accident. If you’ve purchased gap insurance, your provider will waive the difference between your car’s actual cash value
ACV
and the remaining balance on your
car loan
or lease.
Purchasing gap insurance only makes sense if you still owe money on your car. If you paid for your car upfront, it doesn’t make sense to purchase gap insurance. It also might not make sense to purchase gap insurance if:
  • You put down 20% or more when you purchased the car
  • You expect to pay off the car loan within five years
Call your insurance agent at Arbella to get a quote for gap insurance coverage. If you’d like more options, you can always compare
car insurance quotes
from various insurers online.
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