When purchasing a new or used car, one of the important considerations is deciding whether or not to opt for gap insurance. Gap insurance, also known as guaranteed asset protection insurance, is a type of coverage that protects you from financial loss if your vehicle is totaled or stolen and...
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While gap insurance does have its upsides, you may want to get it canceled due to the extra amount of money it costs. And this article will help you with that.
Gap insurance, also known as guaranteed asset protection insurance, is designed to protect car owners from financial loss in the event of a theft or total loss of their vehicle. It covers the difference (or “gap”) between the amount owed on a car loan or lease and the actual cash value...
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How Gap Insurance Can Save You Thousands Of Dollars On Your New CarBarry Brenner
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.
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can shop online for gap insurance as well. Your car dealer might make it sound as though it is mandatory to buy gap insurance through them, but this is not the case. While it is definitely a good idea to have it, it doesn't have to be purchased at all, let alone from the dealer...
Gap insurance makes sense if you owe more than the car is worth, such as if you didn't make a down payment or if you chose a long loan term. The cost of gap insurance depends on your state, driving record, and vehicle. You may be able to purchase gap insurance as an endorsement ...