Introduction to Gap Insurance Gap insurance is a specialized type of auto insurance designed to cover the difference—or “gap”—between the amount owed on a vehicle and its current market value. This coverage becomes particularly relevant in situations where a vehicle is either stolen or declared a total loss due to an accident. Often, when a … Read more
What is Gap Insurance and How Does It Work? Gap insurance is a type of auto insurance coverage designed to protect individuals from financial loss in the event of a total loss of their vehicle. Specifically, it bridges the gap between the amount owed on a car loan and the actual cash value of the … Read more
What is Gap Insurance? Gap insurance, also known as Guaranteed Asset Protection insurance, is a specialized type of car insurance designed to cover the difference or “gap” between the actual cash value of a vehicle and the remaining balance owed on an auto loan or lease in the event of a total loss. This insurance … Read more