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What is Honda gap insurance?
Should I get gap insurance? I noticed this is available for new vehicles purchased through the dealership.
Sophie Newman · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Honda
gap insurance
is financial protection designed to cover the difference between what you might owe on a car loan and the actual cash value (ACV) of your vehicle. Gap insurance kicks in when your vehicle is totaled after an accident.
Honda gap insurance is similar to policies offered through your
car insurance
company or lender. You can compare options for the best price and coverage. All gap insurance isn’t alike, so you’ll want to be sure you know what you agree to before purchasing a policy.”
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- Gregory R.
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