Gap insurance, short for “Guaranteed Asset Protection” insurance , is designed to cover the difference between the amount you owe on your car loan or lease and the car’s actual cash value (ACV) in the event of a total loss. Traditional auto insurance policies only pay out the ACV of your vehicle at the time of an accident or theft. Unfortunately, vehicles depreciate quickly, and this payout may not fully cover your outstanding loan or lease balance. Gap insurance bridges that financial gap, ensuring you’re not left with unexpected debt.

Gap insurance is particularly beneficial if:

You financed a significant portion of your vehicle’s cost. Your car depreciates quickly. You made a small down payment. You have a long loan term. You’re leasing your vehicle (some lease agreements may require gap insurance).

Living in vibrant cities like Tempe , Phoenix , Scottsdale , Tucson , Gilbert , and Chandler means you’re likely on the road often. From daily commutes to road trips across the state, the risks of accidents or theft are present. Protecting yourself with gap insurance provides peace of mind and financial security in the event of an unforeseen incident.

At Riseson Insurance , we understand the unique needs of Arizona drivers. As your local insurance experts , we’re here to guide you through the process of selecting the right coverage. Whether you’re purchasing a new car in Tempe or commuting daily in Phoenix, our team can tailor a policy to fit your situation. We’re proud to serve drivers across the state , including Scottsdale, Tucson, Gilbert, and Chandler.

Adding gap insurance to your auto policy is simple. Reach out to Riseson Insurance today to discuss your options. Don’t wait until it’s too late to protect yourself from potential financial loss.

Ready to secure your gap insurance? Call Riseson Insurance at 602-460-5470 or visit us to learn more about how we can help. Whether you’re in Tempe, Phoenix, Scottsdale, Tucson, Gilbert, or Chandler, we’re here to provide the coverage you need. Protect your investment with Riseson Insurance today!

Who Should Consider Gap Insurance?

Local Benefits of Gap Insurance in Arizona

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• You financed a significant portion of your vehicle’s cost.
• Your car depreciates quickly.
• You made a small down payment.
• You have a long loan term.
• You’re leasing your vehicle (some lease agreements may require gap insurance).