Basics & Definitions: How Does Gap Insurance Work for Cars and Leases?
Reading Time: 6 minutesHow Does Gap Insurance Work for Cars and Leases? (Easy-Read 2025 Guide) Gap Insurance Explained What it is (plain English) Gap insurance pays the difference between your car’s actual cash value (ACV) and what you still owe on a loan or lease after a total loss (stolen or totaled). It keeps you from owing money […]