---
id: faq-0013
title: "What is GAP insurance and should I buy it?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlecadillacmchenry.com"
tags: ["financing", "gap-insurance", "protection"]
questions:
  - "What's GAP insurance?"
  - "Do I need GAP insurance?"
  - "Is GAP insurance worth it?"
related: [loan-protection, vehicle-insurance, financing-faqs]
dealer: Castle Cadillac McHenry
---

GAP (Guaranteed Asset Protection) insurance covers the difference between what you owe on your car loan and what the insurance company pays if your vehicle is totaled or stolen. Without it, you could owe money even after your car is gone.

GAP insurance is especially useful if you're financing with a smaller down payment or a longer loan term. It's a safety net that protects you from an unfortunate financial gap.

Castle Cadillac McHenry's Finance team can explain GAP insurance, show you the cost, and help you decide if it's right for your situation. Call (779) 265-4427 to discuss your options and get peace of mind before you drive off the lot.