July 21, 2023

What is Gap insurance, and what does it cover?

GAP insurance (Guarantee for Financial Protection) is a type of insurance that provides additional coverage for car owners. This amount is typically owed on a loan or lease in the event the vehicle is totaled or stolen. In general terms, this insurance protects the owner of the vehicle from being left with an outstanding debt after an accident or theft.

In the context of personal injury cases, the term “Gap Insurance” refers to additional coverage that may be provided by some auto insurance policies. This additional coverage may cover medical expenses and other personal injury-related costs that are not fully protected by other forms of insurance, such as liability coverage or uninsured motorist coverage.

For example, if the accident is caused by an uninsured or underinsured driver. Gap Insurance coverage in personal injury cases can help cover medical expenses, lost income, and other expenses related to the injury that would not be covered by the at-fault driver’s insurance.

It is important to note that the details and scope of coverage may vary depending on the specific policy and the insurance company. Therefore, it is always advisable to carefully read the terms and conditions of the policy or consult with an insurance agent to fully understand what is covered by Gap Insurance in personal injury cases.

Do you have questions or need legal support? Contact us today to evaluate your case and give you the best legal recommendations or develop a legal strategy that allows you to recover the compensation you deserve.