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What is gap insurance? III
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What is gap insurance, what does it cover and is it worth it?
WebApr 11, 2024 · Key Takeaways: Gap insurance will help cover the difference between what you owe and the amount of a payout in the event of a total loss. It isn't required but may … WebHow gap insurance works. When you buy or lease a new car or truck, the vehicle starts to depreciate in value the moment it leaves the car lot. ... gap insurance covers the … WebGap insurance is especially important if you have a long-term loan or lease. Cars depreciate quickly, which means their value decreases faster than you pay off your loan. This can leave you with a significant amount of debt if your car is totaled or stolen. the main goal of the u.s. supreme court is