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What Is Gap Insurance and Who Needs It?
Insurance companies pay the depreciated value of your car if it’s totaled or stolen, which might be less than your car loan balance. Gap insurance can cover the difference between the vehicle’s value ...
The biggest victim of erroneous ‘actual cash value’ estimates is often the GAP Provider, but VVA’s Valuation Tools make it possible to end the wrongful transfer of liability to the GAP Provider.” — ...
Gap insurance can pay out if the balance on your car loan is larger than the amount your insurance company will pay if your car is totaled Written By Written by Insurance Staff Writer, WSJ | Buy Side ...
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