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Gap Insurance
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Gap Insurance

A car loan may be a great financial investment, but gap insurance isn't always a wise choice. This insurance is specifically designed to cover the difference between the cash value of your car and the amount you still owe on the loan. If you're in a collision, your insurance will cover the difference. And, if your car is totaled, your policy will pay the difference in cash value. You can't afford to pay the balance on your car loan out of pocket, right? Gap insurance can help you protect your financial future in the event of an accident or theft. Replacement value insurance If you bought a new car, you should consider getting GAP coverage or Replacement Value Insurance. This type of insurance covers the difference between your car's value and what you owe on it, which protects you f...