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Gap insurance is essential for car owners who owe more on their vehicle than its current market value. It covers the difference in case of a total loss, ensuring you’re not left with a hefty bill. Understanding its benefits can protect your finances.
Gap insurance is a crucial financial tool for car owners, covering the difference between your car’s actual cash value and what you owe on your auto loan. This insurance can prevent significant out-of-pocket expenses in case of a total loss. Understanding its benefits is essential.
Gap insurance is essential for new car owners, covering the difference between your car’s value and what you owe if it’s totaled. This guide breaks down how gap insurance works, its benefits, and why it might be a smart investment for your vehicle.