You only need gap insurance if you have a car loan or lease ...

Gap insurance, also known as Guaranteed Asset Protection, is a specialized insurance product designed to cover the difference between the outstanding loan balance on a vehicle and its current market ...

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...

The biggest victim of erroneous ‘actual cash value’ estimates is often the GAP Provider, but VVA’s Valuation Tools make it possible to end the wrongful transfer of liability to the GAP Provider.” — ...

Gap insurance is specifically designed for drivers with outstanding loan balances on their vehicles. It is typically only available for brand-new vehicles or for models that are less than three years ...