[PDF] about gap insurance

Gap insurance is an optional car insurance coverage that helps pay off your auto loan if your car is totaled or stolen and you owe more than the car's  Autres questions
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  • How does gap work?

    When your loan amount is more than your vehicle is worth, gap insurance coverage pays the difference. For example, if you owe $25,000 on your loan and your car is only worth $20,000, your gap coverage covers the $5,000 gap, minus your deductible.
  • What's the best GAP insurance to get?

    Competitively priced, ALA is one of the best-known GAP insurers around. They have a near-perfect reputation across both Vehicle Replacement and Return-to-Invoice policy type (for more info, read our guide to GAP insurance terminology).
  • Does GAP insurance cover negative equity?

    Does GAP insurance cover negative equity? Yes. Negative equity (aka an upside-down loan) is another term for the gap between what you owe on your auto loan and the car's actual value. GAP insurance covers the difference between the two.
  • Guaranteed asset protection (GAP) insurance covers the difference between your vehicle's purchase price and its current market value.
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