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  2. However, gap insurance makes sense when your auto loan balance is likely to exceed the actual value of the car. This usually happens when: You put little or no money down when you financed your car.

  3. Do you need full-coverage car insurance? What it is, when it ...

    www.aol.com/finance/full-coverage-car-insurance...

    For example, if you owe $20,000 on your car but it's only worth $16,000, gap insurance covers the $4,000 difference should your car become totaled or stolen. Does my car insurance policy cover ...

  4. Gap insurance - AOL

    www.aol.com/finance/gap-insurance-174430008.html

    Gap insurance only provides financial protection for the gap between the actual cash value of a vehicle at the time of a total loss claim and the current amount still owed on an auto loan. Total ...

  5. Guaranteed asset protection insurance - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_asset...

    Guaranteed asset protection insurance (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies or auto loans. A GAP policy covers the difference between the value of a car (i.e., what the insurance company will typically pay), and what the borrower owes on the loan if the car is totaled or stolen.

  6. Just How Much Money Could GAP Insurance Save You? - AOL

    www.aol.com/just-much-money-could-gap-160000714.html

    Guaranteed asset protection (GAP) is a type of insurance or, sometimes, a non-insurance agreement that will cover the difference between a vehicle's actual market value and the amount owed on the ...

  7. GAP insurance - Wikipedia

    en.wikipedia.org/wiki/GAP_insurance

    GAP insurance protects the borrower if the car is written off or totalled by paying the remaining difference between the actual cash value of a vehicle and the balance still owed on the financing. [1] GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. Some financing companies and lease contracts ...

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