What is GAP insurance and what does it cover?
In the event of a total loss of a vehicle due to accident or theft at any time during the lease period, GAP insurance covers the difference or gap between what your insurance company pays out and what you owe the financial institution. GAP insurance is included in every leasebynet.com lease. However, keep in mind that GAP insurance does not reimburse you for any money paid out at lease signing. Therefore, your initial cash outlay should be kept to a minimum. We recommend avoiding large cap cost reductions, as this money is never recouped even if you take the lease full term.
In the event of a total loss of a vehicle due to accident or theft at any time during the lease period, GAP insurance covers the difference or gap between what your insurance company pays out and what you owe the financial institution. However, keep in mind that GAP insurance does not reimburse you for any money paid out at lease signing. Therefore, your initial cash outlay should be kept to a minimum. We recommend avoiding large cap cost reductions, as this money is never recouped even if you take the lease full term.
