Can: I Buy Gap Insurance Later

: Many traditional car insurance companies offer gap insurance as an optional add-on to your standard policy. However, you must already have collision and comprehensive coverage to be eligible.

: To add a Waiver of Depreciation (the insurance company version of gap coverage in Ontario), you typically must be the original owner, and the vehicle must be within 24 to 48 months of its purchase date.

: You can generally buy coverage at any time as long as you are "upside down" on your loan (owing more than the car is worth). Buying Guide: Step-by-Step How to Cancel GAP Insurance - BrokerLink can i buy gap insurance later

: If you financed through a credit union or bank, they may offer gap insurance directly for your loan.

: Some companies like Auto Shield Canada (1.4.11) specialize specifically in gap and negative equity protection. Eligibility and Time Limits : Many traditional car insurance companies offer gap

You can usually buy gap insurance from three main places: * Car insurance companies. * Dealerships. * Lenders. BrokerLink Gap Insurance: Get Vehicle Replacement Coverage Quotes

If you declined coverage at the dealership, you can still obtain it through: : You can generally buy coverage at any

: Brokers like Excalibur Insurance (1.4.7) or BrokerLink (1.4.1) can help you find standalone gap products or "Optiom Prime" policies that cover both new and used vehicles.