Gap Insurance

Find advice, tips and answers to questions about Gap Insurance here.

  • Articles
How long do I need to have my secondhand car insured?

There is no definitive answer to this question as it depends on the specific situation. In some cases, car insurance may be required for a certain period of time after the car has been sold. However, in other cases, car insurance may not be necessary once the car has been sold. It is important to co

Mar 23, 2023
How Much Does Florida Gap Insurance Cost?

There is no definitive answer to this question as the cost of Florida gap insurance will vary depending on a number of factors, including the insurance company you choose, the coverage you select, and the size of your policy. However, gap insurance is generally affordable, and can be a valuable addi

Mar 23, 2023
If I Refinance My Loan, How Does Gap (guaranteed Asset Protection) Insurance Operate?

1. If you refinance your car loan, your gap insurance will still be in effect.2. Gap insurance covers the difference between the amount your car is worth and the amount you still owe on your loan.3. This can help protect you in the event your car is totaled or stolen.4. If you have gap insurance, yo

Mar 23, 2023
Why Is a Gap Addendum Included in My Loan Agreement?

A gap addendum is included in a loan agreement to protect the lender in the event that the borrower defaults on the loan. The gap addendum ensures that the lender will be repaid in full even if the value of the underlying asset falls below the amount of the loan. This addendum is particularly import

Mar 23, 2023