Gap Insurance: What It Is, What It Covers, and When It Is Worth It

Gap insurance is one of those coverages many drivers hear about in a rush, usually while signing loan papers and trying to stay awake. The concept is simple, though. If a covered claim leaves your vehicle declared a total loss or gone after theft, gap insurance can help with the remaining difference between the car’s … Read more

Gap Insurance Auto Loan Explained: When It Helps, What It Covers, and When to Skip It

best auto insurance for seniors (discounts and coverage) – auto insurance illustration

If you are looking into gap insurance auto loan coverage, you are probably trying to answer one simple question: if your car is totaled, could you still owe money on the loan after insurance pays out? The answer is yes, that can happen, and gap insurance is designed to help with that exact problem. It … Read more

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