Does AAA Offer Gap Insurance In California?

Gap insurance is a type of insurance coverage that helps to cover the difference between the amount of money owed on a vehicle loan and the actual cash value of the vehicle. It can be a helpful way to ensure that a person is not left with a large loan balance after their vehicle is stolen or totaled. If a person lives in California and is looking for gap insurance coverage, they may be wondering if AAA offers this type of product.

AAA and Gap Insurance in California

AAA does indeed offer gap insurance in California. This type of coverage is often referred to as loan/lease gap coverage. It is important to note that AAA's loan/lease gap coverage is not available in all areas. It is only available in certain counties in California.

AAA's loan/lease gap coverage is designed to cover the difference between a person's auto loan balance and the actual cash value of their vehicle if it is deemed a total loss or stolen. This coverage will also cover up to $1,000 of a person's deductible.

Benefits of AAA's Gap Insurance Coverage

AAA's gap insurance coverage can provide a number of benefits to a person living in California. First, it can provide peace of mind that a person will not be left with a large loan balance after their vehicle is stolen or totaled. Second, it can provide up to $1,000 of a person's deductible. And third, it can provide coverage for the difference between a person's loan balance and the actual cash value of their vehicle.

Restrictions on AAA's Gap Insurance Coverage

There are some restrictions that apply to AAA's gap insurance coverage. First, the coverage is only available in certain counties in California. Second, the coverage only applies to vehicles that are up to three years old. Third, the coverage is only available for vehicles that are financed through a lender that is approved by AAA. And fourth, the coverage is only available for vehicles that have an actual cash value of $50,000 or less.

How to Get Gap Insurance Coverage Through AAA

If a person is interested in getting gap insurance coverage through AAA, they can contact a local AAA office. The customer service representative at the office will be able to tell the person if the coverage is available in their area. If so, the customer service representative can provide the person with information about the coverage and the cost.

In addition, the customer service representative can help the person to complete the necessary paperwork and make payment for the coverage. Once the paperwork is completed and the payment is made, the coverage will be effective immediately.

Conclusion

Gap insurance coverage can be a helpful way to ensure that a person is not left with a large loan balance after their vehicle is stolen or totaled. If a person is looking for gap insurance coverage in California, they can contact AAA to find out if the coverage is available in their area. If the coverage is available, the customer service representative can provide the person with more information and help them to complete the necessary paperwork and make payment for the coverage.