You don't have any saved vehicles!
Look for this link on your favorites:
Once you've saved some vehicles, you can view them here at any time.
When you purchase a new car from Wolfchase Honda, you’ll have to look over various options in terms of financing and insuring your car. One of the optional insurance coverages you can get for your vehicle is gap insurance. So, what does gap insurance do? Gap insurance is designed to cover the gap between the owed amount on the car and the actual cash value of the car at the time of an accident. Find out when gap insurance can be helpful, and what is covers below.
Gap insurance helps cover a variety of issues that can damage your vehicle. Memphis drivers should keep in mind though, is that it is not meant to cover property or bodily injuries, but specifically vehicle damage or theft. With that, here’s exactly what gap insurance does, and does not, cover:
The main takeaway from the question ‘what does gap insurance do?’, is that it is meant to cover total loss in the event of an accident. While it is an optional coverage, this can be beneficial in protecting you from the unexpected.
No, it isn’t a requirement, but it is highly recommended that you opt for gap insurance when financing a new car. Gap insurance is especially helpful if your dealership offers a plan that includes deductible coverage. In the unfortunate even your vehicle is stolen or damaged, this will protect you from having to pay off a loan for a vehicle you no longer have. Speak with our financing team to talk about the peace of mind gap insurance offers.
Whether you’re just starting to look or ready to purchase, making sure you understand your various insurance plans options is crucial. Speak with Wolfchase Honda to learn what you need, and want, before purchasing a car. The right coverage can save you time and money down the road. Contact us online or stop by today!
Drivers from Arlington to Memphis are looking for an SUV that not only comes with the latest performance and technology features but also comes packed with plenty of safety to keep their families as safe as possible. If you are interested in purchasing a vehicle rated highly for safety, the 2020 Honda CR-V is for…
Drivers from Arlington to Memphis have watched gas prices go up and up; and fuel costs can really drain on a family’s bank account. Here at Wolfchase Honda, we know that many Bartlett area families want a new car, but don’t want to consistently reach into their savings to keep it filled up. That’s why we…
In need of a truck that can handle all your hauls to Cordova? The 2020 Honda Ridgeline towing capacity has a strong towing power throughout the entire lineup. Wolfchase Honda is here to help you explore the 2020 Honda Ridgeline configurations, located near Arlington today! View InventoryContact Us 2020 Honda Ridgeline Towing Capacity The Honda Ridgeline…