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2. 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 ...

3. Is gap insurance worth it to pay off your auto loan when your ...

   www.aol.com/gap-insurance-worth-pay-off...

   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. 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, [15] [16] 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 ...

5. 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 ...

6. 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.

7. Texas car insurance laws: What you need to know to ... - AOL

   www.aol.com/finance/texas-car-insurance-laws...

   According to the Texas Department of Insurance, the minimum liability required is stated as 30/60/25 coverage, which indicates: Bodily injury liability: $30,000 per person and $60,000 per accident ...