Any option for GAP insurance for lucid cars?

[FathomBlueStealt]

Hi,

I'm picking up my 2024 lucid Air Touring tomorrow (financing the car) and I'm super excited!

Now, as I reviewed the purchase agreement today, I was struck to see that the purchase agreement did not include any provision for GAP insurance. BofA also does not offer GAP insurance. I went with them given the 2.99% interest rate.

My current insurance, progressive, offers a lite version of GAP insurance that will cover up to 25% of the current value of the car, at the time it's totaled. I signed up to this, better to have some coverage than none.

Has anyone been able to get full GAP insurance on a financed lucid? If so, how?

thanks in advanced.

 

[borski]

Yup. I use PURE.

 

[jedwin]

I was just told by a Natick CS rep that the Lucid leases (Tryon) include GAP coverage....does this seem right? (still haven't seen the lease details; not sent til 48hrs before delivery!?!)

One of the insurers I'm considering offers a GAP option ($70/yr), the other does not.

 

[ColonelBadger]

I was just told by a Natick CS rep that the Lucid leases (Tryon) include GAP coverage....does this seem right? (still haven't seen the lease details; not sent til 48hrs before delivery!?!)

One of the insurers I'm considering offers a GAP option ($70/yr), the other does not.

Would be good to know. I too got my lease from Natick here on NH. Presume yours too was via BofA.

 

[ColonelBadger]

Actually I just read my lease and it appears there’s provision for GAP on page 5 of my agreement.

 

[Blue Lectroid]

IIRC, the lease states that if the car is totaled you only owe what the insurance pays. I remember reading that earlier this month when I signed my lease.

 

[ColonelBadger]

IIRC, the lease states that if the car is totaled you only owe what the insurance pays. I remember reading that earlier this month when I signed my lease.

Yup. Just found that in my lease agreement under the GAP waiver area.

 

[FathomBlueStealt]

For those financing their lucid, AAA does offer GAP insurance. I ultimately went with them.