Gap Insurance Lease Car


Gap insurance helps pay the difference between what you owe on a leased loaned car and what it's worth at the time of an accident. Meaning you could potentially save thousands of dollars..Unfortunately, it's not that easy, especially if you owe more on your car than it is actually worth. This is where gap insurance comes in As the name implies, it covers the gap between what you owe on a vehicle loan or lease and the vehicle's value as determined by the insurance company in the event of a total loss..If you lease or have a loan on your car, find out how gap coverage can help protect your finances in the event your car is totaled..Does a new or leased car need gap insurance, If it is damaged or stolen, gap coverage can be vital. Learn about gap cost and see if it's worth it.,.