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Bookmark or Share- What Is Gap Insurance and How Does It Work? | AllstateGap insurance helps pay off your auto loan if your car is totaled and you owe more than its depreciated value. See our informational video and find out more.
- What is GAP insurance and what does it cover? - State FarmGAP insurance typically covers the difference between the remaining value of your vehicle loan or lease and your vehicle’s actual cash value at the time of the incident. More specifically, GAP insurance will cover that difference in the case of a total loss and theft, but it will not cover deductible costs.
- What Is Gap Insurance & How Does It Work? – PolicygeniusGap insurance pays the difference between how much you still owe on your vehicle and how much you actually get paid by the insurance company when your car is a total loss. Drivers who took out a loan or a lease for their new car could still owe money on a car they don’t have anymore if they don’t buy gap insurance.
- What Is Gap Insurance and How Does It Work? - NerdWalletGap insurance covers what’s owed on a car after a total loss, whether that’s the result of an accident or vehicle theft. Gap insurance pays out after comprehensive and collision coverage, two...
- Gap Insurance: What It Is And How It Works – Forbes AdvisorWhat Is Gap Insurance? Gap insurance is optional car insurance coverage that helps bridge the financial gap for drivers whose car loan balance is more than what their vehicle is worth...
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