You are viewing all posts for categories: finance

What Does GAP Insurance Cover?

When you need to cover the amount you owe on your car and its actual cash value, then, you need GAP insurance. The cover comes as a relief when you are on the periphery of losing your car.

GAP insurance covers the full loan amount for your vehicle and compensates you in the event your car is stolen and unrecoverable. It also covers negative equity and helps to pay the outstanding amount between the actual value of your car and any outstanding loan. In…
Read More