What is Hyundai GAP Insurance?

Once you’ve selected your brand-new Hyundai vehicle, the last thing you’d wish to dwell on is unexpected setbacks. However, if you’re seeking the reassurance of comprehensive coverage, Hyundai GAP insurance offers an excellent solution to remain safeguarded even in the face of unforeseen events. So, what is GAP protection? Hyundai’s Guaranteed Asset Protection offers an additional layer of insurance to safeguard you against significant incidents encountered on the Harrisburg roads. In cases where your loan balance exceeds the payout from your insurance, GAP insurance steps in to bridge the gap and provide the necessary support. Let’s get into the specifics, and answer “what is gap insurance on a car?”.

Hyundai Insurance: Guaranteed Asset Protection (GAP)

While Hyundai models come with an extensive warranty package covering a range of aspects, every plan has its boundaries. This is where Guaranteed Asset Protection (GAP) steps in to provide supplementary coverage in the event of a total loss. This means you’re shielded against unforeseen emergencies such as accidents, theft, or natural disasters. What is gap insurance on a car, and how does this coverage work?

• Loan Balance Coverage: GAP bridges the gap between your outstanding loan balance and the insurance payout. This coverage extends up to $150,000 or 150% of your car’s Manufacturer’s Suggested Retail Price (MSRP).
• Deductible Waiver: GAP also includes a deductible waiver, meaning it covers your deductible up to $1,000.
• Losses Covered: The coverage can waive up to $50,000 of losses, providing you added financial security during challenging times.

Hyundai Insurance: Coverage Exclusions

Guaranteed Asset Protection can offer a significant safety net in times of major crises, but it’s important to be aware of a few exceptions for your Dillsburg vehicle:

• Excluded Illegal Activities: GAP doesn’t cover vehicular damage resulting from illegal activities like DUIs or fraudulent actions.
• Competitive Activities: Vehicles used for competitive driving or racing are not covered under the GAP program.
• Coverage Limits: It’s essential to note that GAP coverage won’t surpass the maximums set by the program.

For additional details regarding these exceptions in your Hyundai insurance, please don’t hesitate to reach out to our financing team!

Hyundai Insurance Coverage for Newville-area Drivers

At Freysinger Hyundai, we take pride in offering vehicles that come with America’s best warranty. With a 10-Year/100,000-Mile Powertrain Limited Warranty, you can have peace of mind knowing that your vehicle is protected for the long haul. Additionally, our commitment to quality extends to hybrid vehicles with a Lifetime Hybrid Battery Warranty, showcasing our dedication to your satisfaction and vehicle longevity. For more comprehensive information about our warranty packages, you can explore the details on our dedicated warranty page.

Learn More About GAP Insurance from Freysinger Hyundai! 

What is gap protection? With a better understanding of what GAP insurance entails, you might still have queries, and the team at Freysinger Hyundai is prepared to address them all. Feel free to reach out to us online for further details or visit our dealership in person to have a conversation with our knowledgeable team members. And for more helpful reads, learn how liability insurance works!