Before knowing why do I need GAP auto insurance, it is important to to understand What is GAP insurance , what is GAP in auto insurance and how is GAP calculated at the time of insurance claim.  Gap .....

True to its name, gap insurance closes the gap between the amount your auto insurance company pays you and what you owe the finance company in the event of your car being stolen or totaled due to an accident.  It .....

If your car is totaled by an accident, fire or theft or such other disasters, and when you make a claim on your auto insurance policy, your insurance company will pay the Actual Cash Value of the vehicle. This .....

Gap protection in auto insurance is basically designed to eliminate the vehicle owner's outstanding loan or lease amount in the event of the vehicle being stolen or assessed .....