I’m in the process of buying a new car and I’ve come across the term “gap insurance.” I’ve heard mixed opinions about it and I’m trying to understand what it really is and whether it’s something I should consider.
1 Like
The difference between what you owe on your car and its market value is covered by gap insurance. If the value of your automobile is less than the amount you owe on your auto loan, you could need it., and it is worth it.
1 Like
The majority of auto insurers don’t provide GAP.
It doesn’t replace your car insurance, but works alongside it in specific situations.