Guaranteed Auto Protection (GAP) Insurance Market Share and Size, Emerging Trends, Growing CAGR, Challenges, Revenue, Business Opportunities and Future Outlook Till 2032: SPER Market Research
GAP or guaranteed auto protection insurance was first developed in the banking sector of North America. GAP insurance covers the leftover amount between the vehicle's actual cash value and the remaining loan debt, protecting the borrower in the event that the car is written off or totaled. GAP insurance is primarily utilized for large trucks and new and used cars and trucks that are small in...
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