First Automotive Gap Coverage. Finance & insurance california cracks down on auto loan gap coverage california assembly bill 2311, signed into law sept. The automobile gap insurance means that in a case when your loaned vehicle has been totaled or stolen, the insurance company is going to help you pay back the money.
Gap can help waive the difference from the current market value of your vehicle. It works with your comprehensive insurance to cover theft. Guaranteed automobile protection (gap) is a type of coverage that can pay off your loan balance if you have an accident with your vehicle.
It works with your comprehensive insurance to cover theft.
If you total your vehicle or someone steals it before you pay off the loan, gap insurance will cover the difference between your insurance payout and the amount you still. Gap coverage auto, express auto gap phone number, gap insurance coverage auto, gap coverage auto definition, express auto gap insurance company, auto gap coverage purchase, state farm. Gap auto coverage 🛡️ oct 2022. Losing a car can be a stressful and difficult time for your customer, especially if their loan balance is higher than the cash value of the car.