"Gap coverage" refers to insurance that pays the difference between the amount owed on a loan for a vehicle or property and the actual value of that vehicle or property, in the event it is damaged or stolen.
Full definition
Synonyms for individual words can be found below.
«gap»
«coverage»
Sentences with «gap coverage»
- The loan or lease gap coverage functions in the same manner as if you were to purchase it as a single endorsement. (valuepenguin.com)
- What's more, purchasing gap coverage from your insurance company makes the claims process easier. (trustedchoice.com)
- In some states, you can purchase extra coverage, such as gap coverage, new car replacement coverage or vehicle value upgrade. (nationwide.com)
- (see all
sentences)