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Gap Insurance – Add It to Your Auto Policy, Not Your Car Loan

Source: Money Crashers · Oct 17, 2026 11:00 UTC

Trading floor of the New York Stock Exchange with banks of monitors — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Say your $32,000 new car is worth $25,000 a year later, with $29,000 left on the loan. If it’s totaled or stolen then, insurance pays what the car is worth, not what you owe, and the other $4,000 is yours... Source

Read the full story at Money Crashers

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