GAP insurance is associated with a specific auto loan. It can’t be transferred or reassigned to another loan, even one that covers the same vehicle. When you refinance, your loan is paid off and your GAP coverage ends. Typically a prorated refund is issued from...
GAP (Guaranteed Asset Protection) insurance is an optional, add-on car insurance coverage that can help certain drivers cover the “gap” between the amount they owe on their car and the car’s actual cash value (ACV) in the event of an accident. A...
