# Gap insurance

**URL:** <https://howtodiscuss.com/t/gap-insurance/17890>\
**Category:** Insurance\
**Created:** [September 23, 2020, 1:34pm UTC](https://howtodiscuss.com/t/gap-insurance/17890 "2020-09-23T13:34:31Z")\
**Posts on this page:** 1\
**Showing post:** 5

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**Author:** ![Stephanie](https://howtodiscuss.com/user_avatar/howtodiscuss.com/stephanie/32/5816_2.png) [@Stephanie](https://howtodiscuss.com/u/Stephanie)\
**Post date:** [July 18, 2021, 6:45pm UTC](https://howtodiscuss.com/t/gap-insurance/17890/5 "2021-07-18T18:45:35Z")

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## **Gap Insurance** ,

### Gap Insurance:

> 1. In full writing, the difference between the lease insurance and the credit difference between the actual cash value of the vehicle and the amount owed on the lease or loan can be covered.
> 
> 2. If you lend or pay a lease and suffer a total loss, there may be a difference between the market value of your car and what you have. This optional coverage makes a difference.
> 
> 3. Auto insurance option that works in case of theft or complete loss of your vehicle. Coverage insurance is the difference between the actual cash value of your car and everything you have. GEICO does not currently offer Gap Insurance. If gossip insurance is available or available to you, contact your finance company.
> 
> 4. The auto insurance options available in some states cover the difference between the actual cash value of the car in the event of theft or destruction and the difference due to the leasing or leasing company. It is mainly used for car rental.

### Literal Meanings of Gap Insurance

#### Gap:

##### Synonyms of Gap

cleft, ■■■■■■■, breathing space, interstice

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