Connect offers gap insurance that will pay up to 120% of the value of your car. This type of coverage pays the “gap” between what you owe on your car loan or lease if it’s totaled due to a problem covered by your policy (like a car accident or fire).
For example, let’s say you buy a car for $25,000 and owe $23,000 on the loan. After your car is totaled in a car accident, the depreciated value of your car is $20,000, leaving a $3,000 “gap.” Gap…
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