Shorr Agency is your source for small & home-based business insurance. General Liability starts at $350 a year.
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Loan & Lease Gap Coverage

Gap (Loan / Lease) Coverage:

Should I buy this coverage from the car dealership or my insurance agent?

When you purchase a new car, the dealership will most likely suggest that you purchase Loan Gap or Lease Gap protection.  This means that if the vehicle is involved in an auto accident and the vehicle is destroyed, you as the owner or leasee still owe payments on the car.  With the Gap Coverage, the insurance company will pay the difference between the Actual Cash Value (ACV) and the Loan or Lease amount up to 125% of the ACV of the gap.  

This coverage is available for vehicles less than five years old and carry both comprehensive and collision coverage. 

Now, the dealership may charge $100s or $1,000s for this protection.  Your insurance company generally charges a lot less!  You'd be surprised to find out the difference!

Call your agent to add this valuable coverage onto your auto policy or learn more by calling 1-888-737-6200.
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Hours:  Mon-Fri  8am - 5pm
Closed:  Weekends & Holidays

Office Locations:

30211 Ave. de las Banderas # 200
Rancho Santa Margarita, CA 92688
(Mailing Address)

609 Deep Valley Drive # 200
Palos Verdes Peninsula, CA  90274

CA License # 0146520


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  • Start Here
  • Get a quote
    • General Liability
    • Professional Liability / E&O
    • Workers Compensation
    • Employment Practices Liability
    • Medical & Dental
    • Auto
    • Home
    • Rentals
    • Earthquake
  • Self Service
    • Pay Bills
    • View my policy / Claims
    • Auto ID Cards
    • Switch my coverage
    • Cancel my policy
    • Mortgage Lenders
    • Why did my premium go up
  • Our Agency
    • Our Story
    • Testimonials
  • TV & Radio
  • Contact Us