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Any expenses related to bodily injury or lost wages are. Gap insurance covers difference the between the value of your car when your bought it and what an insurance company would give you. Gap insurance, or guaranteed asset protection insurance, is an optional insurance coverage that can be added to a collision insurance policy. What is gap car insurance? You financed a car and made little or no down payment: The best gap insurance companies will cover 25 percent or more of the actual cash value of your gap insurance reviews can help you choose reliable coverage, such as state farm gap insurance. Guaranteed asset protection (gap) insurance (also known as gaps) was established in the north american financial industry. How does gap insurance work?

Suppose you finance a sweet new sedan for $30,000, and a year.

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Is gap insurance worth it?

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Understanding how it works can help.

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