Learn how gap insurance protects you financially by covering the difference between your car's value and what you owe in case of total loss. Discover when to buy it.

Cheap Insurance reports that gap insurance can be essential for new car buyers to cover the financial gap between owed loan and actual cash value after a total loss, especially in cases of low down ...

If your vehicle gets totaled or stolen and you owe more on the loan than what your car is worth, gap insurance can help. Several factors will determine if gap insurance is worth it for you, including ...

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate ...

Learn how car insurers evaluate vehicle value to better negotiate your claim and find out why insurance payouts often fall ...

With insurance rates on the rise tracking with costs of repairs and interest rates, making decisions about how to protect an investment as large as a vehicle can seem a daunting, intimidating task for ...

I liken GAP (guaranteed asset protection) insurance to being “underwater” with your mortgage — aka, when your home loan is greater than your home is worth. As long as you keep paying your monthly ...

In the clip, he shared a customer’s experience with a recent vehicle purchase. Her car was totaled in a wreck shortly after buying it. And because she didn’t get GAP, she suddenly found herself on the ...

Gap insurance: Is it needed when buying a new car? There’s nothing quite like the feeling of driving a brand-new car off the lot. The spotless interior, the gleaming paint, the distinctive “new car ...