Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...

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 ...

Learn more about what is gap insurance and how it works. When you purchase a new car, you may read over your loan terms and wonder, “What is gap insurance?” Gap insurance is an optional coverage you ...