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  2. What is full-coverage car insurance? - AOL

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

    Gap insurance. If you still owe money on your car, this pays the difference between what you owe on your car loan and what your car is worth if it's totaled or stolen. ... How to calculate your ...

  3. Gap insurance in California: what you need to know - AOL

    www.aol.com/finance/gap-insurance-california...

    Gap insurance is different from new car replacement coverage. ... Offers multiple usage-based programs, ... To calculate your premium, auto insurers look at dozens of different rating factors like ...

  4. 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.

  5. Vehicle insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance_in_the...

    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 ...

  6. 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.

  7. 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 ...

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