Malcolm A Jeffcoat

Gap insurance bridges the financial gap if your totaled or stolen car’s payout is below what you owe.

It’s optional but often required by lenders on leased or financed vehicles.

Standard auto policies pay the car’s current value; gap covers the difference owed.

Cost varies widely; insurers typically charge less than dealers or lenders.

Consider it if you owe more than the car’s market value early in the loan.

What Is Gap Insurance Explained

$2,000 drug cap, but many gaps
Dental, vision, hearing not covered
Long-term care, incontinence, overseas care: 100% out-of-pocket
New 'site-neutral' fees and GLP-1 exclusions raise bills
$6,000 Senior Tax Deduction helps offset uncovered expenses