Gap insurance, or guaranteed auto protection, protects a buyer or leaser from loss when a vehicle has been stolen or damaged beyond repair. When the value of the loan taken out to ...
Definition of Gap Insurance
GAP insurance is typically designed for things that Medicare might not cover. Get a definition of GAP insurance with help from an experienced insurance professional in this free video clip....
GAP Insurance is also known as GAPS and was established in North American
financial industry. GAP Insurance is the difference between the actual cash value
Learn what gap insurance and loan/lease coverage are and why you should
consider adding protection to your policy if you are financing or leasing a new car
covers the difference between what the car is worth and what you owe on the car. (Note however, that if your insurance
company determines that your deductible applies, that money will come out of your pocket -- gap insurance
won't cover it.)
In the case o... More »
Your insurance settlement may not cover the cost of an outstanding loan or lease
after an accident. Learn how Nationwide's gap coverage can help.
Gap insurance, more accurately called gap protection, covers the difference
between what you owe on your car and how much the car is worth. Not everyone
Gap insurance covers the gap between what you owe on your auto or
motorhome loan and its current market value. If you're in an accident and your
GAP insurance coverage may help pay for the difference between how much
your car is worth and how much you still owe in case of a theft or an accident.
Nov 6, 2012 ... Learn how gap insurance impacts your car loan or lease with Edmunds - Auto