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Insurance

What is gap insurance?

Quick Answer

Gap (Guaranteed Asset Protection) insurance pays the difference between your auto loan or lease balance and the car's actual cash value if it's totaled or stolen.

Loan balance vs car value showing the gap.
Warren Team
Updated April 26, 2026
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Important Disclaimer:

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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