Head off debt with GAP insurance

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GAP insurance keeps you from paying for a car you no longer have. This Guaranteed Auto Protection insurance pays the amount you’ll owe if your car gets totaled and you’re left with a loan that is more than the total worth of your car.

So if you owe $20,000 for a car the insurance company says was only worth $16,000 when it was totaled, GAP insurance will cover the remaining $4,000. At prices from $15 to $45 a year, it’s good value. Consider buying it if you’re making down payment of less than 20 percent.



All the best,



Timben