Gap insurance is quite cheap. But when an unexpected situation occures and You would like to win back all of Your money that You spent on a car - it is indispensable.
Gap insurance covers the difference between the real value of Your car, including its value drop, and all of the money that You spent on it since You drove it out of the car showroom. Those differences are sometimes even higher than the market value of the car so in my opinion it is worth to buy a gap insurance. Especially when You' re buying a new car - there are many bargains that give You an opportunity to buy whole insurance package at a really low price. Gap insurance may seem unnecessary but only when You' re sure that nothing unexpected will happen to Your car. When You want to be on the safe side, it is better to buy gap insurance because You can be sure that nothing will keep You awake at night.
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