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Old 09-13-2005, 11:12 AM   #6
SD987
Registered User
 
Join Date: Jun 2005
Location: San Diego, California
Posts: 874
Assuming you financed at least a portion of your car and are/will be "upside down" on your car at some point, the gap insurance covers the difference between what you are reimbursed for by your insurance company (in the event of a total loss) versus what you owe on the car.
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