Gap Insurance

Recently I have been reading about how to save for various things that our family needs and wants. Insurance is a huge expense - a necessary evil I guess you can say. I just learned about Gap Insurance from my father who has been in the insurance field for over 30 years. Gap insurance is insurance that you can get which covers you in the case that your car is stolen or totaled and you owe more than the car is worth. This insurance covers the difference. As we all know car values depreciate awfully quick!

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