Many people are not aware that what is gap insurance?

People are confused whether to buy gap insurance or not?

Gap insurance isn't the kind of car insurance that most people think about...

Know that this is not required by law

it's only helpful in a few types of situations

But in those situations, gap coverage can save

your bank account from being drained if your car is declared a total loss

Gap insurance is an optional car insurance coverage

that helps pay off your auto loan if your car is totaled or stolen

and you owe more than the car's depreciated value.

Gap insurance may also be called "loan/lease gap coverage.

This type of coverage is only available if you're the original loan- or leaseholder on a new vehicle