Secure Your Car Investment Gap Insurance Secrets Revealed

Discover how you can protect your vehicle investment with gap insurance secrets that savvy car owners are using, and start exploring your options today to secure peace of mind.

Understanding Gap Insurance

Gap insurance, or Guaranteed Asset Protection insurance, is designed to cover the "gap" between what you owe on your car loan and the car's actual cash value (ACV) in the event of a total loss due to theft or an accident. This type of insurance is particularly beneficial for those who have financed a vehicle with a low down payment or who have a long-term loan, as these situations often result in a higher loan balance than the car’s market value.