What is Gap Insurance? A Powerful Safeguard Against Vehicle Depreciation in 2026
What is GAP Insurance: GAP insurance, or Guaranteed Asset Protection insurance, helps cover the difference between what your car is worth and what you still owe on a loan or lease if your vehicle is totaled or stolen. Since cars depreciate quickly, standard auto insurance may not fully repay your outstanding balance. GAP insurance protects you from paying out of pocket for this financial shortfall, making it especially valuable for financed or leased vehicles.