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Automotive dictionary (encyklopedia)

Dictionary of terms and abbreviations for cars (automobiles), motorcycles (bikes),
bicycles, boats, engines, machines, machining and car fixing.

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Gap insurance

This covers you against additional losses not covered by your auto insurance in the case of an accident in which the vehicle is totaled. Most auto insurance will cover the actual cash value of the vehicle and what is owed on the lease contract, including early termination fees. Gap insurance is most important in the early years of a lease when the difference between the value of the car and what is owed are greatest. Some manufacturers now include Gap insurance in their leases.
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Car Insurance Basics

Car insurance is one of those strange purchases: Everyone needs it, but no one ever hopes to have to use it.

But because you’re required by law to have it, and because it will offer you much needed financial protection in case you’re in an accident, you might as well buy insurance from the insurers rated the highest in overall customer satisfaction, right?

What Type of Auto Insurance is Best for You?

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