What is GAP Insurance and do I need it on my new car?
by Guest » Wed May 11, 2011 07:34 pm
What is GAP Insurance and do I need it on my new car?
Total Comments: 1
Posted: Wed May 11, 2011 07:35 pm Post Subject:
GAP insurance provides valuable protection by paying the difference between the actual cash value of the vehicle and the current outstanding balance on your loan or lease. This coverage is especially necessary if you are upside down in your loan. If you owe more than the car is worth GAP insurance is the coverage that will cover that difference, saving you from coming up with money out of your pocket.
Posted: Wed May 11, 2011 07:35 pm Post Subject:
GAP insurance provides valuable protection by paying the difference between the actual cash value of the vehicle and the current outstanding balance on your loan or lease. This coverage is especially necessary if you are upside down in your loan. If you owe more than the car is worth GAP insurance is the coverage that will cover that difference, saving you from coming up with money out of your pocket.
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