Business Insurance, Health Plans & Term Life. General Liability starts at $350 a year!
  • Start Here
  • Get a quote
    • Business
    • Bonds
    • Health
    • Pet
    • Life
    • Jewelry
    • Rentals
    • Umbrella
    • Earthquake
  • Self Service
    • My Policy
    • Add / Remove Vehicles
    • Switch my coverage
    • Mortgagee Changes
    • My premium increased
    • Cancel my policy
  • Our Agency
    • Our Story
    • Testimonials
  • Media
  • Contact Us

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.
auto quote

Personal Insurance

Pet
​Auto
Boat

Home
Health
Vision

Condo
eBikes
Dental

Rentals
Renters
Jewelry

Umbrella
Term Life

Motorcycle
Townhouse
2nd Homes

Earthquake
Motor Home
Mobile Home
Antique Auto
Vacation Rentals
Wedding Insurance

Personal Watercraft
Medicare Supplements
Difference-In-Conditions
Short-Term Rentals (STRs)

Commercial Insurance

Bonds
Buildings
Apartments
Cyber Liability

Business Auto
General Liability
Business
Property
Commercial Umbrella
Workers' Compensation
Home-Based Businesses

Professional Liability (E&O)
Business Owners Policy (BOP)
Employment Practices Liability (EPL)

Contact Us

Picture









Hours:  Mon-Fri  8am - 5pm
Closed:  Weekends & Holidays

888-737-6200 Office
888-713-9072 Fax

Office Location:

30211 Ave. de las Banderas # 200
Rancho Santa Margarita, CA 92688

Connect with us
Picture
@ShorrAgencyInsurance
Picture
Tim 4 Shorr
Picture
Shorr Agency Insurance
Picture
Search Tim 4 Shorr
Picture
@tim4shorr
Copyright 2012-2025
All Rights Reserved

CA License # 0146520

Established 1956

  • Start Here
  • Get a quote
    • Business
    • Bonds
    • Health
    • Pet
    • Life
    • Jewelry
    • Rentals
    • Umbrella
    • Earthquake
  • Self Service
    • My Policy
    • Add / Remove Vehicles
    • Switch my coverage
    • Mortgagee Changes
    • My premium increased
    • Cancel my policy
  • Our Agency
    • Our Story
    • Testimonials
  • Media
  • Contact Us