What Is Gap Insurance, And Who Needs It?

Topics:
Insurance
Tags:
Business Operations,
Car,
Corporate Insurance,
Finance,
Financial Planning,
Gap Insurance,
Insurance,
Progressive Casualty Insurance
Source:
Progressive Casualty Insurance

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Overview: When you purchase a new car, you'll probably be asked if you want to purchase gap insurance. Both lenders and auto insurance companies offer gap insurance to customers as a way to protect you against unforeseen financial losses. This paper explains about gap insurance and who needs it. Gap insurance literally covers the gap between what you owe on a car and what it's worth if your car is totaled in a covered loss, such as an accident or theft.

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Format: HTML | Date: Dec 2007 | Pages: 3

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