What is gap insurance? Gap insurance is an optional auto insurance coverage that applies if your car is stolen or deemed a total loss. When your loan amount is more than your vehicle is worth, gap …

How to buy gap insurance from your auto insurer You can typically add gap coverage to an existing car insurance policy or a new policy, as long as your loan or lease hasn't been paid off. Buying gap …

Determining whether you have gap insurance through your auto insurance policy is simple. Car insurance documents generally have a page that lists the coverages on your policy, including …

Insurance can help out if you have comprehensive and collision coverage, but only up to the amount of the car's depreciated ACV. Without gap insurance, you'd be required to pay the difference between …

What is gap insurance? Gap insurance on a leased car covers the difference between the vehicle's ACV and what you still owe on the lease. So if your vehicle was stolen or totaled, your comprehensive …

Should I choose a gap waiver or gap insurance coverage? If your lender or lease company doesn’t mandate a gap waiver, you may save money by purchasing gap coverage through your auto insurer …

Gap insurance through a dealership is optional, but your lender may require some form of gap coverage when you finance your car. Your car dealership may offer gap insurance when you get a new car, but …

A gap insurance claim can take several weeks to process, though it ultimately depends on the circumstances of the accident or theft that led you to file a claim. Your vehicle insurance company …

While both gap insurance and loan/lease payoff coverage can help pay off a car loan or lease, they may have different requirements and payout limits. At Progressive, only loan/lease payoff coverage is …

How to cancel gap insurance To cancel your gap insurance, contact the company providing coverage, such as the dealership where you bought your car or your insurer. If canceling coverage you …