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Taking a short-term savings approach may not pay off in the end, and there may be a number of coverage types that are not only right for you, but they’re also low to no-cost options in many cases.
Gap insurance is an optional auto insurance coverage that will ensure a financed car is paid off in the case of a total loss. It pays the “gap” amount between what you owe on a car, and the actual cash value of the automobile.
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