Can You Cancel Gap Insurance? Gap insurance is a kind of automobile insurance that pays the difference between the loan balance of your automobile and its ACV if it is a total loss or stolen. This insurance is often bought by drivers who borrow more on their cars than the value of cars; however things
Introduction GAP insurance, otherwise known as the Guaranteed Asset Protection is a useful supplement for many drivers, especially for those who are driving financed or leased cars. But how do you tell whether you have this kind of coverage? The problem is that if one has never had to use it, it can quite easily
Introduction For many car buyers, gap insurance is a welcome purchase that provides financial protection if your car is totaled or stolen and your car’s value is less than what remains of your loan. But gap insurance doesn’t cover everything, so it’s important to know. Knowing when gap insurance won’t actually pay you off can
