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Does The General offer gap insurance?
I recently bought a brand-spanking-new Ford Raptor and want to protect it with gap insurance. I’ve insured my cars with The General for many years. Does the General have gap insurance?
Melanie Johnson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congratulations on the new car purchase! The New Ford Raptor is awesome. Unfortunately, The General does not offer Guaranteed Asset Protection, also known as
gap insurance
.You probably already know that gap insurance protects you from paying the price of depreciation in the event of an accident. It covers the difference, or “gap,” between the
actual cash value
of your vehicle and the amount still due on your car loan
or lease.The General does not offer gap insurance, so you’ll have to switch car insurance providers if you want to purchase it. Be sure to compare
car insurance quotes
from at least three providers to find the best rate.Popular car insurance companies that offer gap insurance include:
View full answer
- Gregory R.
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