PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Does Encompass offer gap insurance?
I currently have a car insurance policy through Encompass, but I’m about to purchase a new vehicle and need to get gap insurance to finance it through my lender. Does Encompass offer gap insurance?
Mariza Morin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Lenders usually require Guaranteed Asset Protection or gap insurance, to cover the difference between what you still owe on your
car loan
or lease and the actual cash value
of your new vehicle in case it gets totaled or stolen. This is a great investment so you don’t end up having to pay any unexpected out-of-pocket costs. But with Encompass, you’ll also need to be covered by collision
and comprehensive insurance
in order to add gap insurance to your policy. Encompass also offers Auto Replacement Protection which includes gap coverage as well! With this coverage, the replacement costs are covered for insured vehicles that are total losses. For vehicles up to two years old, your totaled vehicle can get replaced with a current model year or a new similar model, while for vehicles three to 15 years old, they may be replaced with a newer car—within 20,000 miles—of a similar make and model.
And if you’re looking for savings, don’t forget to ask Encompass about their New Car Discount!
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies