What is Gap Insurance?
You’ve heard of health insurance, homeowners insurance and even pet insurance — but what about gap insurance? No, it’s not coverage for your moderately priced khakis and tasteful sweaters; it’s for your car, or more specifically, it’s for the full value of your car. Find out if gap insurance is right for you and your car in this week’s segment of Driving Smart.
Learn more about coverage options and get helpful tips on car insurance at Cars.com: https://www.cars.com/car-insurance/
Chapters:
0:00 Intro
0:18 How depreciation affects your car's value
0:33 What gap insurance covers
1:17 Gap insurance costs
1:24 Is gap insurance necessary?
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