What is an example of how GAP Insurance works?
If your car’s current value is $20,000, but you owe $25,000 on the loan, gap insurance would cover the $5,000 gap, ensuring you don’t have to pay out of pocket in the event of a total loss accident.
If your car’s current value is $20,000, but you owe $25,000 on the loan, gap insurance would cover the $5,000 gap, ensuring you don’t have to pay out of pocket in the event of a total loss accident.
