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 ...

Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...

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 ...

Gap insurance can pay out if the balance on your car loan is larger than the amount your insurance company will pay if your car is totaled Written By Written by Insurance Staff Writer, WSJ | Buy Side ...

There’s nothing quite like the feeling of driving a brand-new car off the lot. The spotless interior, the gleaming paint, the distinctive “new car smell”-it’s a moment of pure excitement. You have ...

Learn more about what is gap insurance and how it works. When you purchase a new car, you may read over your loan terms and wonder, “What is gap insurance?” Gap insurance is an optional coverage you ...

A car's value can depreciate as much as 20% in its first year. If you're leasing or financing your vehicle, you could quickly find yourself in a situation where the balance on your auto loan is more ...