Gap Auto Insurance: 7 Smart Checks for Safer Car Financing

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