GAP
In the case of a "Total Loss" i.e. Fire, Theft or Collision, GAP Insurance pays the difference or Gap between the amount received from your Primary Insurer and the amount you still owe on the vehicle to the Bank or Finance Co.
In the case of a "Total Loss" i.e. Fire, Theft or Collision, GAP Insurance pays the difference or Gap between the amount received from your Primary Insurer and the amount you still owe on the vehicle to the Bank or Finance Co.