#gap_insurance
GAP insurance
Type of vehicle insurance
Guaranteed Asset Protection (GAP) insurance was established in the North American financial industry. GAP insurance protects the borrower if the car is written off or totalled by paying the remaining difference between the actual cash value of a vehicle and the balance still owed on the financing. GAP coverage is mainly used on new and used small vehicles and heavy trucks. Some financing companies and lease contracts require it.
Thu 16th
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