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GAP coverage — commonly known as GAP insurance — is an optional, add-on policy that can help you cover the gap between the value of your car and what you. GAP is in addition to any payout you receive from comprehensive or collision coverage through your auto insurance if your car is totaled or stolen. Gap insurance is a coverage for newer cars that is usually an optional addition to your auto insurance policy. Gap insurance will cover the difference between.

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GAP Insurance can also be referred to as Guaranteed Auto Protection. GAP insurance covers the difference or “gap” between what you owe on your vehicle loan. The inquirer also stated that its company will "soon be offering XYZ Home Insurance Company's Guaranteed Auto Protection Plus program in New York." The inquire. GAP, which stands for “Guaranteed Asset Protection”, is insurance that helps protect the customer from having an unpaid finance balance in the event of.

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Please be sure your GAP policy is with Western General Insurance Company/ and was purchased on our website, GAP purchased through a. Our gap insurance may help relieve some of the financial worry by helping to cover some of the out-of-pocket expenses that are not covered by your major medical. GAP coverage covers the amount on a loan that is the difference between the asset value and the amount covered by another insurance policy. Some GAP policies.