Many loan gap policyholders wonder if their insurance becomes void if they are ever more than thirty days late with an auto payment. The answer to this common question is that a gap insurance policy is not voided by a late car payment. Gap insurance is not automatically cancelled when a policyholder is behind on a payment, but it will matter if the vehicle is ever totaled before the payments are brought up to date, the payouts from your coverage will not include those overdue payments though. What gap coverage…
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Highlighting the benefits of California GAP coverage
Gapinsuranceinfo.com has released a new resource that has outlined the details of California GAP (guaranteed asset protection) insurance and provides consumers with information that can help them to decide which form of this optional coverage will best suit their needs. In California, GAP provides motorists that have a new vehicle that was purchased through financing, with coverage that will save them from being required to pay for the remainder of the loan’s balance should that car be totaled or stolen. This is accomplished by filling in the gap between the…
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