depreciation
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Safeguarding Your Kia Investment with Gap Coverage
Safeguarding Your Kia Investment with Gap Coverage
In the world of automotive financing, there’s a term that often comes up but isn’t always fully understood: gap coverage. Specifically designed to protect your investment in your Kia vehicle, gap coverage plays a crucial role in ensuring that you don’t end up in a financial bind if your car is declared a total loss due to an accident or theft.
Understanding Gap Coverage
So, what exactly is gap coverage? Gap insurance, short for Guaranteed Asset Protection insurance, bridges the “gap” between what you owe on your Kia and its actual cash value.