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February, 2019 | Allen, Flatt, Ballidis & Leslie Blog Archive

The Importance Of Gap Insurance For Southern California Drivers

By Newport Beach Personal Injury Attorney on February 4, 2019

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Do you have Gap Insurance for your vehicle? Many times consumers have no idea what Gap Insurance is or why they may need to purchase this important coverage when buying a vehicle.

Essentially, Gap Insurance covers the difference (the gap) between what your vehicle is worth and how much you owe on the car. Gap Insurance comes into play if your car is stolen or totaled (damaged to the point that repair would cost more than the car is worth) and the loan balance exceeds the value of the car.

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Posted in: Insurance

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