What is GAP (loan/lease) coverage?
Gap coverage will provide coverage for the difference between the loan/lease and the Actual Cash Value (ACV) when a vehicle is a total loss. Sometimes GAP coverage is mandated by loss payee's on auto loans - if so contact your insurance agent since getting the coverage through your insurance is MUCH cheaper than buying it through the dealer.
As always find out more or learn more on our website - www.tedmusinsurance.com
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