I am assuming you are refering to GAP Coverage.The actual name eludes me but what is, is none other than a life safer.If your vehicle is totaled in an accident it will cover the remaining payments and pay off your vehicle so you are not responsible for the cost.Hope this helps.I have it on my own and would not be without it.It is like any other insurance,you may never need it but when you do, you will be able to sleep at night. Insurance Protection Gap is the difference between what the ACTUAL VALUE of something is, as opposed to what you OWE on it. For example, you car has been wrote off, and you still OWE 5000.00 dollars on it, but it is only worth 4000.00 dollars, the gap is 1000.00 dollars. Hope the helps............
By buying adequate insurance protection.
GAP Insurance is not a specific company. GAP or Guaranteed Auto Protection is a type of insurance that covers the difference between the cash value of a vehicle and the balance still owed on financing for that vehicle.
Seven types of insurance should get for a new car as like: Liability Insurance Collision Insurance Comprehensive Insurance Motorist Protection Personal-Injury Protection No-Fault Insurance Gap Insurance
GAP stands for Guaranteed Auto Protection. It is best to have if you are financing your purchase. It will protect you from losses incurred when insurance payments will not cover the remainder left on your loan.
There are seven types of car insurance available. There is liability, collision, comprehensive, uninsured motorist protection, medical/personal injury protection, no fault, and gap insurance.
GAP insurance stands for guaranteed auto protection. It covers the total amount you owe on your car in if it is totaled. Regular insurance only pays for the value of your car which can be a lot less then what you owe.
"Gap carrier" typically refers to a type of insurance coverage that helps fill in the gaps left by primary insurance policies. These policies are designed to provide additional protection by covering expenses that primary insurance may not fully pay for.
No the dealership can not be sued if they did not offer GAP insurance. The dealership is not required to offer GAP insurance.
By looking at any GAP Insurance Policy you purchased and looking at the dates to see if it is in effect. If you bought GAP Insurance, you would have been given a copy of the bogus GAP insurance Policy.
Common car insurance riders that can provide additional coverage and protection for your vehicle include roadside assistance, rental car reimbursement, gap insurance, and comprehensive coverage for things like vandalism or natural disasters.
Gap insurance is not the name of a company, it is a type of auto insurance related to leasing vehicles.
There are seven basic types of car insurance. They are liability insurance, collision insurance, comprehensive insurance, uninsured motorist protection, personal injury insurance, no-fault insurance and gap insurance. A car insurance agent can help figure out what insurance is best based off one's needs.