Your insurance payout could end here
Gap pays the rest
What is Gap Insurance Coverage?
Gap coverage is a specialized protection that’s frequently purchased by drivers who finance or lease their vehicles.
Comprehensive and collision coverage generally have limits equal to an auto’s fair-market value,
which can create a gap between the coverage’s limit and how much is owed.
Gap coverage typically provides coverage for the difference between an auto’s fair-market value and what is owed on the vehicle. Having this coverage in place may ensure that a driver can pay off their loan if their vehicle is totaled.