Learn how gap insurance protects you financially by covering the difference between your car's value and what you owe in case of total loss. Discover when to buy it.

As it pertains to cars, gap insurance covers the difference between what you owe on your car loan and the actual cash value of your car if it’s totaled in a crash. That “gap” can amount to quite a bit ...

Imagine this happens: Your car or truck is suddenly totaled or stolen. Gap insurance is there to help to bridge the difference (the “gap”) between what you presently owe on a loan or lease and what ...

If you’re like most other entrepreneurs, you’re always seeking to protect your business (and your finances). One way to do that is to purchase gap insurance, a type of coverage that helps pay the ...

Gap insurance, also known as Guaranteed Asset Protection, is a specialized insurance product designed to cover the difference between the outstanding loan balance on a vehicle and its current market ...

If you owe more than the car is worth and your full coverage car insurance policy pays out the vehicle’s actual cash value after an accident, you may be stuck with an outstanding debt. But if you ...

As soon as you drive a new car off the showroom forecourt, it is no longer new, and its value drops significantly. Say you have an accident on the way home and the vehicle is written-off, or it is ...

Gap insurance is specifically designed for drivers with outstanding loan balances on their vehicles. It is typically only available for brand-new vehicles or for models that are less than three years ...

When purchasing a car with a loan in North Carolina, it may be wise to consider gap insurance. This type of insurance, sometimes called guaranteed asset protection, is designed to help when a vehicle ...

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...