What is GAP Insurance?
Is it Worth It?
GAP or Guaranteed Auto Protection is an optional insurance policy available in most states from car dealerships, lending institutions, or automobile insurance companies.
Many car buyers don’t realize the financial danger that looms during the first few years while financing a car. If you don’t have the right insurance coverage and/or GAP insurance you can really do damage to your financial well-being. GAP coverage is not for everyone.
However, it can protect you from having to pay thousands of dollars if your vehicle becomes a total loss.