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What Is Gap Insurance?

Gap insurance is an optional coverage that could benefit you if your car is a total loss and you owe more than the car’s current value after being involved in an accident.

It is not a stand-alone insurance policy. Rather, it is intended to be used with an existing collision and/or liability policy. Another term for gap insurance is loan/lease gap coverage.

Only an original loan holder or leaseholder may obtain gap insurance, so if you would like this type of vehicle coverage, give us a call and we can help you determine the right amount.

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