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What Is Gap Insurance and How Does It Work?
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What Is Gap Insurance and How Does It Work?
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progressive.com
💡 Allen’s Tip of the Week 💡 Gap Insurance — What Is It & Why Is It Important? 🚗📉 When you buy a vehicle, its value can depreciate faster than your loan balance — and that’s where GAP Insurance comes in 🙌 👉 GAP (Guaranteed Asset Protection) covers the difference between what you owe on your auto loan and what your insurance company pays if your vehicle is totaled or stolen. Without it, you could be left paying thousands out of pocket for a car you no longer have 😬 The best part? ✅ It’s ine
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Gap insurance explained - Which?
Gap insurance explained - Which?
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GAP insurance covers the difference between what you owe on your car and what the insurance company pays if it's totaled. On a lease, it's usually included—but check. On a purchase, you likely need it if you put little money down. Always shop around; the dealer isn't always the cheapest. #carbuyingtips #carhacks #insurance #savemoney #carshopping #dealershiptips #autoadvice #moneyhacks #personalfinance #autoinsurance #gapinsurance #carfinance #carbuyingprocess #budgeting | Deshone the Auto Advis
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