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Frequently Asked Questions About Gap Insurance

What is gap insurance? For starters, it covers the "gap" between your car's actual dollar value, and the amount you still owe if you're paying off a lease or loan. But it's also an acronym for "guaranteed asset protection," which is a fancy way of saying you'll be covered from a total loss if you still have a balance due on your vehicle. There are plenty of questions you'll want answered when it comes to getting the right kind of coverage for your car, so read through these frequently asked questions (F.A.Q.) to…

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