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Here's why gap insurance is a smart purchase

Posted at 6:24 PM, Jul 03, 2018

Imagine buying a new car, and just one month later — it’s totaled.

It definitely sucks, but it’s not a total misfortune, because you have auto insurance. But one young mom found that even with collision coverage, you can still end up thousands of dollars in the hole.

5 On Your Side Investigator Jonathan Walsh explains why gap insurance — insurance that covers the gap when you owe more than the Blue Book value of the car — may be a good thing to have.