29 May, 2024
1 min read

Comprehensive Guide to Kia Motors Finance Gap Insurance

Understanding Kia Motors Gap Insurance

When it comes to financing a vehicle, especially a brand like Kia, understanding the finer details of gap insurance is crucial. Gap insurance, also known as Guaranteed Asset Protection insurance, is designed to fill the financial “gap” that can arise in case of a total loss event, such as theft or an accident where the car is deemed beyond repair.

How Gap Insurance Works

Gap insurance works by covering the difference between what you owe on your Kia loan or lease and the actual cash value of the vehicle at the time of loss. This