Quote:
Originally posted by Kham
what's that? |
It covers the "gap" between what the insurance company thinks your bike is worth, and what you have left to pay off on it. Usually, two very different numbers....
For example:
If you owe $10,000 on your bike, and the insurance "totals" it for its **cash value** of $8,000, guess who get's a bill for $2,000?
With GAP insurance, you would need not worry about the $2,000.