What is Honda gap insurance?

Should I get gap insurance? I noticed this is available for new vehicles purchased through the dealership.

“Honda gap insurance is financial protection designed to cover the difference between what you might owe on a car loan and the actual cash value (ACV) of your vehicle.
Gap insurance kicks in when your vehicle is totaled after an accident.
Honda gap insurance is similar to policies offered through your car insurance company or lender. You can compare options for the best price and coverage.
All gap insurance isn’t alike, so you’ll want to be sure you know what you agree to before purchasing a policy.”
Sophie Newman
Answered on Jul 23, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.

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