It's not for everyone and is often overpriced.Here, the concept of GAP insurance (and whether you need it) is demystified.

Cheap Insurance reports that gap insurance can be essential for new car buyers to cover the financial gap between owed loan ...

Insurance companies pay the depreciated value of your car if it’s totaled or stolen, which might be less than your car loan balance. Gap insurance can cover the difference between the vehicle’s value ...

In the clip, he shared a customer’s experience with a recent vehicle purchase. Her car was totaled in a wreck shortly after buying it. And because she didn’t get GAP, she suddenly found herself on the ...