Expert Advice for Gap Insurance

All Questions on Gap Insurance

Does gap insurance cover repairs?
My vehicle was damaged in an accident. I was at fault. Will my gap insurance cover the damage?
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Emily Maracle
Aug 16, 2021
Does Travelers have gap insurance?
I'm currently insured with Travelers and I'm getting a brand new 2021 Hyundai Elantra. I want to stay insured with them, but I need gap insurance. Do they offer it?
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Emily Maracle
Aug 16, 2021
Why does my loan contract have a gap addendum listed on it?
I'm about to purchase a new car and noticed that my finance agreement has a gap addendum listed on it. What does that mean?
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Emily Maracle
Aug 16, 2021
Why do I need a gap waiver?
I'm getting a new 2021 Ford Bronco. The dealership is offering me a gap waiver. The salesman said it's important to have on a new car, but why?
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Emily Maracle
Aug 16, 2021
When does gap insurance expire?
I added gap insurance to my loan when I first purchased my car. I've paid down my loan enough that my car is now worth more than my balance. Will my gap insurance automatically expire or do I need to cancel it?
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Emily Maracle
Aug 16, 2021
Does Nevada require gap insurance?
I'm buying my first car and my lender is offering gap insurance. Is it required on my car like car insurance is?
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Emily Maracle
Aug 16, 2021
Where can I get gap insurance?
I'd like to get gap insurance, but I don't know who or where to get it from. Is there a specific company I have to buy from? What are my options?
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Emily Maracle
Aug 16, 2021
How do I get a gap waiver?
My dealership recommended I get a gap waiver on my new car. How do I get that? My car insurance offers gap insurance; is it the same thing?
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Emily Maracle
Sep 17, 2021
Does gap insurance from a car insurance company cover negative equity?
I want to reject my lender's gap insurance based on the cost. Will my gap insurance from my car insurance company cover negative equity?
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Emily Maracle
Aug 16, 2021
Can gap insurance help me if I'm upside down on my loan?
I have bad credit and had to get a loan with a longer term and higher interest rate. I currently owe more on my loan than my car is worth. Would gap insurance help if something happens to my car?
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Emily Maracle
Aug 16, 2021
What car insurance companies offer gap insurance?
I declined gap insurance with my lender. Are there any car insurance companies that offer gap insurance?
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Emily Maracle
Aug 16, 2021
Does gap insurance pay for negative equity?
I owe more on my car than it's worth currently. It was just totaled and I have gap insurance. Am I covered? I can't afford to carry the negative equity with me in a new loan.
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Emily Maracle
Aug 16, 2021
How do you know if you need gap insurance?
Is there a calculation that you can use to determine whether you need it? How do lenders decide the cost of it?
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Emily Maracle
Aug 16, 2021
What do dealerships charge for gap insurance?
I'm looking into getting a new car. I want to add gap insurance to my car loan. How much does gap insurance normally cost at a dealership?
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Emily Maracle
Aug 16, 2021
What can happen if I don't have gap insurance on my financed car?
I declined gap insurance through my lender. What would happen if I get into an accident without it?
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Emily Maracle
Aug 16, 2021
What company has the best gap insurance?
I am getting a car loan and I want to add gap insurance. What company has the best coverage?
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Emily Maracle
Aug 16, 2021
Does gap insurance have an expiration date?
I have gap insurance on my loan. Does it expire at any point or is it good for my entire loan period?
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Emily Maracle
Aug 16, 2021
Can I use my gap insurance on a rental car?
My vehicle was totaled and I need to rent a car to get to work. I have gap insurance on my car. Will it also cover a rental car until I can get a new car?
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Emily Maracle
Aug 16, 2021
Does gap insurance pay off your car?
My lender offers gap insurance with my loan. What's the purpose of it? Will it pay off my car?
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Emily Maracle
Aug 16, 2021
Can GAP insurance replace my vehicle after an accident?
My car was totaled in an accident and I have gap insurance. Will it pay for a new car?
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Emily Maracle
Aug 16, 2021
What is Honda gap insurance?
Should I get gap insurance? I noticed this is available for new vehicles purchased through the dealership.
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Sophie Newman
Jul 23, 2021
What is gap insurance on a car loan for a Subaru?
Do I need gap insurance? I purchased a new Subaru in 2020. I have a loan for the car.
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Sophie Newman
Jul 23, 2021
Does Honda offer gap insurance?
Can you get gap insurance on a used car? I'm thinking about buying a certified pre-owned Honda and I'd want to purchase gap insurance. Is this available through the dealership?
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Sophie Newman
Jul 23, 2021
How do I file a gap insurance claim in Minnesota?
How do I file a claim with my gap insurance? I purchased a new Honda CR-V a couple of years ago with gap insurance. It's totaled after an accident, so I need to file a claim with my gap insurance.
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Sophie Newman
Jul 23, 2021
Are there instances when gap insurance won't pay out?
I want to add gap insurance to my car insurance policy, but I'm not sure what all it covers. Are there any times when gap insurance wouldn't pay out?
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Eric Schad
Jul 21, 2021
How much is a monthly premium on gap insurance?
How much will gap insurance increase my monthly premium? I just bought a new car and I'm shopping around for rates. I also want to add gap insurance.
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Eric Schad
Jul 21, 2021
How much does gap insurance cost?
Is gap insurance expensive? I'll be pretty far upside down as soon as I start my car loan. To offset the cost between my loan and cash value of the car, I want to get gap insurance if I can afford it.
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Eric Schad
Jul 21, 2021
Do I have to get gap insurance through my current car insurance provider or lender?
Do I have to go through my current lender or insurance company, or can I purchase gap insurance elsewhere? I was thinking about getting gap insurance, but I wasn't sure if I should get it through my car dealer, car insurance, or lender.
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Eric Schad
Jul 21, 2021
How does gap insurance work?
What is gap insurance? I was told by my lending rep that I probably should get gap insurance on my car, but I have no idea what it's for.
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Eric Schad
Jul 21, 2021
Is gap insurance really worth the money?
Should I get gap insurance on a new car? I'm in the process of buying a car on an 84-month term. My credit union lender keeps telling me that I should get gap insurance, but I'm not sure if it's worth it.
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Eric Schad
Jul 21, 2021

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