1. A gap in coverage on your auto policy can result in receiving a lower claim payout amount than you expected, or paying out of pocket. Some auto insurance coverage is straightforward, like Comprehensive and Collision coverage. However, these three common gaps in your auto insurance can be very costly:
  2. Auto Loan or Lease Coverage

Over 85% of new car purchases use financing. Customers may not realize that in a total loss situation, their policy will pay for the value of the car, but may not cover the remaining loan or lease balance. When your loan amount is more than your vehicle is worth, Gap Insurance coverage will pay the difference. 

For more information about Gap Insurance, refer to the What Is Gap Insurance? blog post on our article from earlier this year.

Custom Equipment or Aftermarket Parts

Many customers make custom changes to their vehicles, and coverage for them may be included in their auto policy. This includes any non-factory work or installation of items by anyone other than the manufacturer or dealership. However, the coverage limit may not be enough for customers who have added expensive custom equipment to their vehicles. Safeco Insurance as well as several of our carriers offer Customized Equipment Coverage, which provides additional coverage for stereos, DVD players, custom decals, engines and more. 

  1. Roadside Assistance Coverage

Flat tire, dead battery, keys locked inside the vehicle – unfortunately, we have all been there! Roadside Assistance Coverage, and an additional Emergency Assistance Package, covers a wide variety of circumstances so you’re not stranded on the side of the road with no coverage. 

To speak with an agent to review your current coverage or inquire about adding these to your policy, give us a call at 724-575-7237.  Or request a quote today.