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Gap 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.
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Under the bonnet: Gap Insurance Back Back Bought your car on finance? If so, you might want to consider guaranteed asset protection (GAP) to protect you against depreciation. In this article, our experts explain what Gap cover is, and how our policy can help. The rise of finance purchasing...
My Warranty Refund helps customers cancel car warranties, extended auto warranties, and gap insurance for fast refunds. Learn more about car warranty cancellation rights.
With GAP insurance, types of cover and expenses will vary, this usually will depend on things like whether the pay out is for a new car or to pay existing finance off. In the event your car is stolen or written off, you will first need to claim on your car insurance, you should alw...
“gap” due to a covered total lossCoverage for your primary insurance deductible up to $1,500Protection for the amount financed up to 150% of the vehicle’s MSRP/Black Book value⁹Protection for vehicle retail contract terms up to 84 months¹⁰Transferable for a fee if you sell your...
Gap insurance is a type of auto insurance that covers the “gap” between the actual cash value of your vehicle and the remaining balance on your car loan or lease. This coverage is especially important for individuals who have financed their vehicles or are leasing them, as it can protect ...
Gap insurance can come to the rescue if your vehicle is totaled or stolen and you owe more on it than what it's worth.
Gap insurance does not cover repairs on your vehicle, a down payment on a new vehicle, rental car fees while your vehicle is in the shop, and any interest, fees, or penalties accrued from your specific situation. Keep in mind, to qualify for gap insurance, you often will need specific ...