Auto Loan Protection

Gap Insurance: What It Covers and What Drivers Should Check

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gap insurance with damaged vehicle, insurance payout, loan balance, policy documents, and total loss gap example

Gap Insurance: 13 Essential Facts Before You Buy Gap insurance can help address a specific financial problem that may occur when a financed or leased vehicle is declared a covered total loss. The problem is simple: The amount owed on the vehicle can be higher than the amount the primary auto insurer pays for the … Read more

Gap Auto Insurance: 7 Smart Checks for Safer Car Financing

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gap auto insurance showing a financed vehicle, insurance settlement, loan payoff, potential shortfall, checklist, policy, and calculator

Gap auto insurance may help with one very specific financial problem: you finance or lease a vehicle, the vehicle is stolen or declared a qualifying covered total loss, and the eligible amount you still owe is higher than the primary auto insurance settlement. For example: Eligible loan payoff: $30,000 Covered insurance settlement: $25,000 Potential shortfall: … Read more