Gap insurance might be a good choice if you didn't make much of a down payment when you financed your car or if you plan to drive it in a way that might decrease its resale value quickly, such as taking many long road trips or exploring rough roads. It also might be a good option...
Gap insurance is more formally known as Guaranteed Asset Protection. It may also be called car gap insurance. The idea behind it is that it plugs the gap between your car insurer’s payout when you make a claim and the cost of the car when you bought it - or the value of the loan...
Guaranteed asset protection, or “gap” insurance, covers this difference. Do You Need Gap Insurance Coverage? If your vehicle is not financed, there is no reason to purchase gap coverage. If you do finance your vehicle, gap coverage can be a good idea, but it depends on how much you ...
If you have bought a car, a GAP insurance policy can cover the loss in value if your vehicle is written off. GAP insurance helps to bridge the payment gap between the settlement amount from your comprehensive motor insurance policy and the original purchase price of your car. So, if your ...
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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What is Gap Insurance?[[3380]] Guaranteed Auto Protection Insurance (GAP) is offered by Nissan and other financial institutions as a way of protecting you from financial disaster in case your vehicle is stolen or totaled and your insurance policy doesn't cover the cost of a stolen or ...
GAP insurance policy bridges the “gap” between what you owe on an auto loan and the car’s depreciated value You can request a refund on a portion of your GAP coverage from your GAP insurance provider if you pay off your loan early ...
Nine out of 10 new car buyers are paying too much when they take out GAP insurance, which covers the full cost of replacing the car after an accident or theft. We take a closer look
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