Car Accident

Gap Insurance Coverage

Shopping for a new car in Denver means you’ll also be buying insurance, and with so many different options, it can be confusing. Gap insurance is a coverage type that covers the “gap” between the true cash value of your car against the balance you still owe on your loan during an accident. Do you need gap insurance? Let’s break it down. 

What Does Gap Insurance Cover?

Gap insurance covers damage to your vehicle, but not other property or bodily injuries. There are other types of insurance that cover medical bills and property damage, but gap insurance focuses exclusively on issues related to your car. 

  • Gap Insurance Covers:
    • Accidents
    • Vandalism
    • Theft
    • Fire
    • Acts of nature (tornado, hurricane, flood, etc.)
  • Gap Insurance Does NOT Cover:
    • Extended warranties
    • Engine failures and other mechanical repairs/malfunctions
    • Death
    • Deductible (though some gap insurance policies allow this) 

In short, gap insurance will cover your total loss in the event of an accident. Highlands Ranch drivers have the option of adding this coverage, as it is not required.

Do I Need Gap Insurance?

Unlike standard car insurance, gap insurance is not required by law, but it can come in handy, especially if you find a plan that includes deductible coverage. The best way to decide whether this coverage is right for you is to speak with an experienced expert to break down the costs and benefits. Our friendly, knowledgeable financing team can walk you through your options, and budget accordingly. 

Explore All Insurance and Finance Options at Mile High Acura

Purchasing a new car near Littleton is a big decision, so make sure you’re armed with all the information you need to make a smart choice! The Mile High Acura team is here to answer all your finance and insurance questions, whether you’re curious if liability insurance covers theft or how to calculate interest rates on a car loan. Contact us today to get started!

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2799 S Havana St • Denver, CO 80014

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Open Today! Sales: 8:30am-8pm

Mile High Acura

2799 S Havana St Denver, CO

Phone: (303) 369-7800


Phone: (303) 743-5195

2799 S Havana St Denver, CO


Phone: (303) 743-5193

2799 S Havana St Denver, CO


Phone: (720)571-8684

2799 S Havana St Denver, CO
39.6645377 -104.8672262
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Mile High Acura
Mile High Acura
2799 S Havana St
Denver, CO, 80014 United States
(303) 369-7800
Mile High Acura 39.6645377, -104.8672262.