<\/strong><\/p>\n Realizing that one\u2019s car has been stolen or is a total loss following a collision can be devastating on its own.<\/p>\n \u201cWhat can be even more disheartening is when it is learned that more is owed to the lender on the vehicle than what insurance will provide as reimbursement,\u201d said Lee Rogers of Florida Insurance in Orlando. \u201cThere is where car gap insurance can come in handy.\u201d<\/p>\n What is Car Gap Insurance?<\/em><\/p>\n Car gap insurance is one of the many \u201cextras\u201d in automobile insurance that is not required by the state. As the name implies, cap gap insurance covers the difference between what standard insurance will pay when an automobile is lost or damaged beyond repair, and what is owed to the lender.<\/p>\n This type of insurance coverage is typically most beneficial for those leasing vehicles, those who have put down a low down payment when buying a car and for those with vehicles (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Realizing that one\u2019s car has been stolen or is a total loss following a collision can be devastating on its own. \u201cWhat can be even more disheartening is when it is learned that more is owed to the lender on…<\/span><\/p>\n