Jargon, Busted: What Is GAP Insurance?

Watch this video to learn the importance of GAP insurance.

Scratching your head when it comes to insurance jargon? Don’t sweat it. In our Jargon Busted video series, we simplify some of the more complex insurance terms, so you can be confident that your policy meets your needs.

Guaranteed asset protection, also known as GAP insurance, is an optional form of coverage that can be added to your auto insurance policy. After an accident, if your vehicle is considered a total loss, GAP insurance can be used to cover the difference between the vehicle’s value and the loan balance.

Jargon Busted will help you decipher important insurance terms. If you still have questions about your auto insurance, talk to an Amica representative. We’re here to help you have a great experience.