Buying Gap Insurance Is Not A Gamble
Do you think that your insurance policies will insure you thoroughly if your auto is written off in a car accident? Don’t bank on this. It’s more likely they’ll pay out for the value of the auto at the time of the loss, not the purchase price that you paid for the automobile. Because of negative equity in cars or trucks driven out of showrooms, a shortfall arises. However, Gap Insurance will cover you for the difference should the unthinkable happen to your automobile.
