at Andy Shaw Ford

How Does GAP Insurance Work?

Often times, people still owe more on their vehicle than it is worth. This could result in insurance not covering the balance leftover on your vehicle if it is deemed a total loss after an accident.  Who wants to still pay on a vehicle that is no longer drivable? No one does. This is why GAP or Guaranteed Asset Protection is so important. Essentially GAP covers the amount between the cash value and the outstanding balance.

Benefits of GAP

  • It is available on new and used vehicles
  • Coverage is available for finance agreements of up to 96 months
  • It covers the remaining balance including a deductible up to $1,000 (where permitted by state law)

One thing to be noted is that GAP insurance is to be used in addition to your current auto insurance plan and not in place of. GAP insurance is used to cover the amount left that isn't covered by regular insurance. 


Our Finance expert, Hollie Johnson will be happy to explain this insurance further to you. Call her directly at
828-339-1250 or stop by our dealership located in Sylva, NC across the street from Walmart.


Andy Shaw Ford

1231 East Main Street
Directions Sylva, NC 28779

  • Sales: 828-586-0900
  • Service: 8285860900
  • Parts: (828) 339-1248

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  • Monday 8:30am-6pm
  • Tuesday 8:30am-6pm
  • Wednesday 8:30am-6pm
  • Thursday 8:30am-6pm
  • Friday 8:30am-6pm
  • Saturday 9am-4pm
  • Sunday Closed