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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.
GAP insurance is often paid upfront and the purchaser is usually entitled to a refund of the unused portion of the premium if the vehicle is sold or refinanced before the end of the loan term. [4] There are two ways of getting GAP coverage. The first type is an insurance policy sold by a broker. The second type is a waiver agreement sold by a ...
www.nfumutual.co.uk. NFU Mutual is a UK insurance composite. As a mutual, its policyholder members own the business, [7] and the executives and directors are accountable to them. The full name of the organisation is National Farmers' Union Mutual Insurance Society Limited.
Gap insurance is generally recommended by lenders or auto insurance companies for new vehicles when or if: The auto loan has a length of five years or longer. The loan has a high-interest rate ...
InsureandGo (officially known as Insure & Go Insurance Services Limited) is a British travel insurance company which is owned by IES limited. [ 1 ] In addition to the United Kingdom , InsureandGo also has operations in the Republic of Ireland and Australia .
The cost of gap insurance in North Carolina will vary depending on numerous factors, including insurance provider, vehicle type, location and other personal rating factors. The average cost of a ...
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