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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 coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. Some financing companies and lease contracts require it. [2] GAP insurance covers the amount on a loan that is the difference between the amount owed and the amount covered by another insurance policy. [1] Some GAP policies also cover the deductible. [3]
Gap insurance is similar to other types of car insurance in that it protects your financial well-being after an accident. In a way, it is protecting your lender, too. In a way, it is protecting ...
Loan/lease payoff coverage, also known as GAP coverage or GAP insurance, [15] [16] was established in the early 1980s to provide protection to consumers based upon buying and market trends. Due to the sharp decline in value immediately following purchase, there is generally a period in which the amount owed on the car loan exceeds the value of ...
Family members can get paid to be caregivers for their elderly parents through Medicaid, VA benefits, long-term care insurance policies, and caregiver agreements. Family caregivers often face ...
The U.S. is also pushing Bukele to shun investment from China, which is in talks with El Salvador over a free trade agreement, has funded public projects like a soccer stadium, and has invested in ...
United States Waiver of Inadmissibility, application for legal entry to the United States; Moral waiver, allows acceptance of a recruit into the U.S. military services; Felony waiver, special permission to allow a U.S. military recruit who has a felony on their record; Forfeiture and waiver, concepts used by the United States court system
Agreement comes as Panama’s new President Jose Raul Mulino vows the Central American nation will no longer be a country of transit for migrants. US and Panama sign agreement that aims to close ...