What are the key research questions related to gap cover that need further investigation?

Jul 15, 2020 ... Guaranteed auto protection insurance (GAP) is an optional coverage that may be purchased when physical damage coverage (comprehensive and ... Oct 14, 2024 ... Gap insurance covers the difference between what you owe on your car and what it's worth. You might need it if your car is worth less than what ... Nov 3, 2023 ... Gap is just to cover the amount over the value of your car that you still owe on the loan. Your insurance still has to fork out the value of the ... GAP insurance kicks in to cover the difference between your Honda vehicle's current value and the amount you owe on it. GAP pays the difference between the actual cash value (ACV) of an insurance company settlement and the eligible balance of your auto loan. Gap insurance stands for Guaranteed Asset Protection insurance. It is an optional, add-on coverage that can help certain drivers cover the “gap” between the ... Secured Advantage provides mechanical repair protection – or an extended warranty – that add years and miles to your initial coverage. It provides coverage by paying the difference between what is received for a total loss or theft from the standard auto insurance policy, and what is still owed ... Jan 6, 2023 ... If you're not purchasing a vehicle in full, gap insurance could be beneficial add-on coverage. In the case you are leasing or financing a ... May 5, 2003 ... Gap amount. The gap amount is typically the amount by which the early termination payoff, not including any past-due amounts, exceeds the ...