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The benefits of Gap Insurance

If you've not been in a major accident and you've never had to go through the process of filing a claim and replacing your car, you can consider this a warning. Just like health insurance has gaps, most auto policies come up short of replacing the full value of your car. However, there are remedies. The best thing a person can do for their peace of mind, especially with a new car purchase, is buy GAP insurance.

A new car is quite a financial commitment. Policies frequently cover 60% to 80% of the value. That leaves thousands of…

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