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Gap insurance isn’t transferable if you sell your car. However, your insurer may issue a refund for any unused portion of your policy, and you can find gap insurance rates for as low as $2/mo.In addition, while gap coverage won’t follow the new owner, any vehicle warranties will. It’s worth knowing which types of auto…
→ Read MoreGuaranteed auto protection (Gap) insurance stands for guaranteed asset protection and helps pay off upside-down car loans for totaled vehicles You can buy gap coverage through an insurance company or dealership, but insurance companies usually offer lower prices You can cancel gap insurance once your car’s value exceeds how much you owe on your loan…
→ Read MoreYou may be wondering how gap insurance works after your car gets stolen. Will gap insurance cover a stolen car? If you have gap insurance on a stolen car, some insurers will cover you if you carry comprehensive auto insurance coverage. Read More: Does auto insurance pay if my car is stolen? This article answers the question, “Does…
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