What Is Gap Insurance? – Kayda Norman

Key takeaways: Gap insurance pays out when the amount left on your car loan or lease is greater than the value of your vehicle at the time it’s declared a total loss. Gap coverage is worth it only as long as you are leasing a car or if you owe more on a loan than…

Kayda Norman writes for NerdWallet. Email: knorman@nerdwallet.com.

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