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Why You Need GAP Insurance Policy

GAP Insurance, or Guaranteed Asset Protection Insurance, is a policy that is often purchased when you buy or lease a new car from a dealer. Whenever you have your car written off due to an accident or because it is stolen, you will have the difference between the money you get from the car’s insurance policy as compensation and the initial amount you used to purchase the car paid by GAP Insurance. Therefore, it is a wise decision to purchase GAP Insurance.

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