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  2. Gap insurance - AOL

    www.aol.com/finance/gap-insurance-174430008.html

    Allstate: The Allstate gap program waives the difference between a primary auto insurance settlement and the outstanding balance owed on a vehicle. It waives covered losses up to $50,000 and ...

  3. However, gap insurance makes sense when your auto loan balance is likely to exceed the actual value of the car. This usually happens when: You put little or no money down when you financed your car.

  4. Insurance Experts Explain: 7 Costly Insurance Features You ...

    www.aol.com/insurance-experts-explain-7-costly...

    Roadside Assistance. Roadside assistance on auto policies is an additional $10-$30 each month for a service you can get for a one-time $50-$100 fee, in the experience of Vonda Copeland, owner of ...

  5. Guaranteed asset protection insurance - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_asset...

    Guaranteed asset protection insurance (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies or auto loans. A GAP policy covers the difference between the value of a car (i.e., what the insurance company will typically pay) and what the borrower owes on the loan if the car is totaled or stolen.

  6. GAP insurance - Wikipedia

    en.wikipedia.org/wiki/GAP_insurance

    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. [1] GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. Some financing companies and lease contracts ...

  7. Vehicle insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance_in_the...

    Loan/lease payoff coverage, also known as GAP coverage or GAP insurance, [17] [18] was established in the early 1980s to provide protection to consumers based upon buying and market trends. Due to the sharp decline in value immediately following purchase, there is generally a period in which the amount owed on the car loan exceeds the value of ...

  8. What are the different types of car insurance coverage? - AOL

    www.aol.com/finance/different-types-car...

    Depending on the carrier, other optional coverage types may include roadside assistance, rental car reimbursement, new car replacement and gap insurance. Just like fingerprints are unique, so are ...

  9. New vs used car insurance - AOL

    www.aol.com/finance/vs-used-car-insurance...

    Insurers do not typically have specific policies for insurance on a new car versus a used one. That said, the make and model of your vehicle will drastically influence the cost of car insurance ...

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