What is “Gap” Automobile Insurance and Why Do I Need It?
Gap automobile insurance is the coverage you need to compensate for the difference between what your vehicle is worth and what you owe. Now this only becomes an issue in the event your car is declared a total write-off by your insurance company. To illustrate the point I now will readily admit I am a hard-core penny-pincher from way back. With regards to automobile insurance I consistantly spend as little as I can legally and practically get away with or without depending on how you look at it. However, I don’t remember ever having been offered or informed of the necessity or purpose of this type of coverage. I’ve been legally driving for longer than I care to admit so when the occasion to learn of the necessity of gap insurance transpired, it was like being blindsided by a Bilderberger. I was driving home from work exhausted and under- caffenated, a treacherous position to find yourself. I was momentarily distracted when I collided with the vehicle in front of me. The other vehicle ha
