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.
