Quote:
Originally Posted by PhantomX
Gap isn't offered by insurance companies like finance companies do. Whether you finance in-house or through a bank, they offer gap to you for a reason, and it's not to line their pockets. In the event of a total loss accident, insurance companies will cover 100% (some will cover even less) of the current worth of the car. If you happen to owe more than what the car's worth, gap will cover the rest.
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Isn't that exactly what GAP insurance sold by insurance companies is?