Loan, Lease (Gap) Coverage (Glossary Word)

Protection that covers the difference in selling price between a vehicle's actual cash value, and the payout left on a lease or loan.

Other users searching for also searched for some of the following glossary words and FAQs.

Glossary Words

• Insurance Score
• Collision Coverage
• Comprehensive Coverage
• Personal Automobile Insurance

FAQs

• Will my automobile policy protect a friend or relative if I loan my vehicle to them?
• What happens if I cause a car accident?