How does gap insurance work? Gap insurance protects you from depreciation. Once you buy your car, its value starts to decrease—sometimes significantly. If you finance or lease a vehicle, this …

Apr 1, 2024 · Gap insurance pays for the remainder of your loan or lease if your car is totaled or stolen. Learn what you need to know about how gap insurance works.

Is gap insurance required for a lease, and is it worth having? We'll help you determine whether you should purchase gap insurance for your leased car.

Jun 29, 2021 · How does gap insurance work in Florida? Gap insurance in Florida works the same way as gap insurance in the rest of the U.S., by paying the balance remaining on your …

Find out if you're ever required to purchase gap insurance through the dealer when buying a car, and what your other options for getting gap coverage are.

Learn about the gap insurance claims process, including how long it takes to pay out, and what gap insurance will and will not pay for.

A gap waiver, also known as a gap addendum, is a supplement that you can add to your auto loan or lease. A gap waiver is a debt cancellation agreement which absolves you from paying …

Dec 17, 2025 · Comprehensive and collision are prerequisites for gap insurance You could pay interest on gap insurance if the cost is rolled into your auto loan/lease Not all insurance …

Nov 19, 2020 · How does gap insurance work? Gap insurance works by covering the difference between the balance on a car loan or lease and what the vehicle is actually worth if it is stolen …

You can find out if you have gap insurance by checking your current car insurance policy or the terms of your lease or loan.