{"id":90,"date":"2021-08-11T17:36:49","date_gmt":"2021-08-11T17:36:49","guid":{"rendered":"https:\/\/tt-blogs.dealerfire.com\/fellahautogroup\/?p=90"},"modified":"2021-08-13T15:58:56","modified_gmt":"2021-08-13T15:58:56","slug":"is-gap-insurance-worth-it","status":"publish","type":"post","link":"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/","title":{"rendered":"IS GAP Insurance Worth it?"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-content-justification-center\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"https:\/\/www.fellahautogroup.com\/finance-appointment\"><strong>Schedule Appointment<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"https:\/\/www.fellahautogroup.com\/used-cars-philadelphia-pa\"><strong>View Inventory<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"https:\/\/www.fellahautogroup.com\/get-pre-approved\"><strong>Get Approved<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"sms:8447779376\"><strong>Text Us<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h1>Guaranteed Asset Protection &#8211; Closing the GAP When you Need it Most<\/h1>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"IS GAP Insurance Worth it?\" width=\"474\" height=\"267\" src=\"https:\/\/www.youtube.com\/embed\/V4nvXM7ckOw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><br><strong>Do you Need GAP Insurance on your Policy and Vehicle Purchase?<\/strong><\/p>\n\n\n\n<p>Guaranteed Asset Protection (GAP) is a unique program that protects you from the potential financial burden that may result from your vehicle being declared a total loss if your insurance settlement does not cover the full amount of your loan or lease payoff.  Without GAP coverage, you may be financially responsible for the difference between the insurance settlement and the amount you own on your loan or lease &#8211; potentially thousands of dollars. <br><br>GAP waives the difference* between the insurance settlement and the outstanding balance owed on your vehicle as of the date of total loss. GAP pays off your loan or lease without any additional expenses to you*<\/p>\n\n\n\n<p>Don&#8217;t miss out! GAP insurance coverage is worth it!  It is only available at the time you purchase your vehicle from <a href=\"https:\/\/www.fellahautogroup.com\/finance-appointment\">Fellah Auto Group<\/a> and you may be able to roll the cost into your monthly payment.  Protected your car and your wallet.  GAP is low-cost coverage that pays the potentially high-cost difference between the insurance settlement and your loan\/lease payoff.<br><br><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11173556\/gap-1-1024x768.png\" alt=\"\" class=\"wp-image-93\" srcset=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11173556\/gap-1-1024x768.png 1024w, https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11173556\/gap-1-300x225.png 300w, https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11173556\/gap-1-768x576.png 768w, https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11173556\/gap-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"has-text-align-center\">How GAP Insurance Works<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>Loan \/ Lease Payoff<\/td><td>$15,000<\/td><\/tr><tr><td>Insurance Settlement<\/td><td>-$12,000<\/td><\/tr><tr><td>Difference<\/td><td>$3000<\/td><\/tr><tr><td>GAP Protection Coverage Amount<\/td><td>-$3000<\/td><\/tr><tr><td><strong>Out of Pocket Expense<\/strong><\/td><td>$0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"https:\/\/www.fellahautogroup.com\/finance-appointment\"><strong>Schedule Appointment<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"https:\/\/www.fellahautogroup.com\/used-cars-philadelphia-pa\"><strong>View Inventory<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"https:\/\/www.fellahautogroup.com\/get-pre-approved\"><strong>Get Approved<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-midnight-gradient-background has-text-color has-background\" href=\"sms:8447779376\"><strong>Text Us<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>Schedule your appointment with Bryan at Bristol (<a href=\"tel:2157455550\">Call 215-745-5550<\/a>) , or at our other convenient locations in the Philadelphia Area: <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbF9nbWczNl9rcEJvbGNrVlVpbWFmcnZUcy1UZ3xBQ3Jtc0ttSjZjTGNLRHQycTR4YXFTZzNTMGJKODAwS1hTQ1FXNkJtX3ZxTlkyR3RZa2dxb21aS3M1Wkhja0cxTjJERzRra3FsZTUxV2dJLTJod2dBV2RsZUNPM255WTA0TEstYUhGdkV6OHEteVB2aElxM2N5MA&amp;q=https%3A%2F%2Fwww.fellahautogroup.com%2Ffinance-appointment\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/www.fellahautogroup.com\/finan&#8230;<\/a><\/p>\n\n\n\n<p class=\"has-small-font-size\">*GAP Coverage is subject to the terms and conditions of the GAP Contract Addendum and may not waive the entire amount owed under your finance or lease contract as of the date of total loss.<br><br>Guaranteed Asset Protection is not a substitute for, nor does it take the place of insurance on your vehicle.  You are responsible for maintaining collision and comprehensive insurance on and for the value of the vehicle and any other insurance required by the finance or lease contract or applicable law.<br><br>Fellah Auto Group is a provider of GAP and other insurance products, as administered by DOWC.  <br><a href=\"https:\/\/dowc.com\/\">DOWC Administration Services, LCC<br><\/a>P.O. Box 194<br>Roseland, NJ 07068<br><br>For Customer Service and Claims<br><a href=\"tel:888-317-1550\">888-317-1550<\/a><br><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"354\" height=\"98\" src=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11171955\/dowc.png\" alt=\"DOWC Gap Insurance at Fellah Auto Group\" class=\"wp-image-91\" srcset=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11171955\/dowc.png 354w, https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11171955\/dowc-300x83.png 300w\" sizes=\"(max-width: 354px) 100vw, 354px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Guaranteed Asset Protection &#8211; Closing the GAP When you Need it Most Do you Need GAP Insurance on your Policy and Vehicle Purchase? Guaranteed Asset Protection (GAP) is a unique program that protects you from the potential financial burden that may result from your vehicle being declared a total loss if your insurance settlement does [&hellip;]<\/p>\n","protected":false},"author":278,"featured_media":92,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"GAP is low-cost coverage that pays the potentially high-cost difference between the insurance settlement and your loan\/lease payoff.\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IS GAP Insurance Worth it? - Fellah Auto Group Asset Protection\" \/>\n<meta property=\"og:description\" content=\"GAP is low-cost coverage that pays the potentially high-cost difference between the insurance settlement and your loan\/lease payoff.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/\" \/>\n<meta property=\"og:site_name\" content=\"Fellah blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T17:36:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-13T15:58:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11171956\/gap1-copy.png\" \/>\n\t<meta property=\"og:image:width\" content=\"872\" \/>\n\t<meta property=\"og:image:height\" content=\"471\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/#website\",\"url\":\"https:\/\/www.fellahautogroup.com\/blog\/\",\"name\":\"Fellah blog\",\"description\":\"Just another DealerSocket site blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.fellahautogroup.com\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11171956\/gap1-copy.png\",\"contentUrl\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/577\/2021\/08\/11171956\/gap1-copy.png\",\"width\":872,\"height\":471,\"caption\":\"Is GAP Insurance Worth It? Fellah Auto Group\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/#webpage\",\"url\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/\",\"name\":\"IS GAP Insurance Worth it? - Fellah Auto Group Asset Protection\",\"isPartOf\":{\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/#primaryimage\"},\"datePublished\":\"2021-08-11T17:36:49+00:00\",\"dateModified\":\"2021-08-13T15:58:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/#\/schema\/person\/bece8f5c99e3d4652c20b33b92db8ead\"},\"description\":\"GAP is low-cost coverage that pays the potentially high-cost difference between the insurance settlement and your loan\/lease payoff.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/\",\"url\":\"https:\/\/www.fellahautogroup.com\/blog\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/\",\"url\":\"https:\/\/www.fellahautogroup.com\/blog\/is-gap-insurance-worth-it\/\",\"name\":\"IS GAP Insurance Worth it?\"}}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/#\/schema\/person\/bece8f5c99e3d4652c20b33b92db8ead\",\"name\":\"Daniel Jones\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fellahautogroup.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b06eaecec7d7159271323d43c2601be0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b06eaecec7d7159271323d43c2601be0?s=96&d=mm&r=g\",\"caption\":\"Daniel Jones\"},\"description\":\"Daniel Jones from Levittown, PA Founder of Marketing Agency Near You\",\"sameAs\":[\"https:\/\/manyresults.com\/jonesy\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/posts\/90"}],"collection":[{"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/users\/278"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/comments?post=90"}],"version-history":[{"count":3,"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/posts\/90\/revisions"}],"predecessor-version":[{"id":104,"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/posts\/90\/revisions\/104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/media\/92"}],"wp:attachment":[{"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/media?parent=90"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/categories?post=90"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fellahautogroup.com\/blog\/wp-json\/wp\/v2\/tags?post=90"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}