How Does GAP Insurance Cover Theft?

First of all, what is GAP? GAP Insurance or Guaranteed Auto Protection insurance is an insurance policy in place to cover the difference between the cash value of the vehicle at the time it was declared a complete loss, and the loan value of the vehicle. Also, they usually offered …

What Is GAP Insurance And Do Car Buyers Really Need It?

GAP insurance applies in cases of auto accidents that lead to total losses of the vehicles. It provides payments for the difference between what the insured person will get from the insurance company and the amount of the outstanding loan owed to the lienholder (bank providing the loan) on that …

Protecting Yourself With Motorcycle GAP Insurance

Imagine you just purchased a brand new Suzuki GSX-R1000 motorcycle two months ago, and it was stolen right before your eyes as you were eating in your favorite restaurant. Not to worry, you are fully protected by the full coverage motorcycle insurance policy your motorcycle lender required you to get. …