What to consider when shopping for auto gap insurance

Auto gap insurance, also sometimes known as “totaled insurance” is a form of vehicle coverage that protects the loan amount of your car, SUV, van, or truck, in the case that it should be totaled, so that you will be sure to receive its actual cash value in order to replace it. This form of coverage is virtually always required when a new car is being purchased, as the value of that vehicle depreciates starting the moment that it is driven out of the dealership. Many leased vehicles also require…

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