Does USAA Sell Gap Insurance?

Gap insurance is a type of insurance policy that covers the difference between the amount you owe on a vehicle loan and the actual cash value of the vehicle. If your vehicle is totaled or stolen, gap insurance helps to ensure that you don't have to pay the difference out of pocket. USAA offers a variety of insurance products, including gap insurance.

What Is Gap Insurance?

Gap insurance is a form of auto insurance that covers the difference between the actual cash value of your vehicle and what you owe on it. It is typically only used when buying a new or used vehicle with a loan, as the loan amount will usually be greater than the actual cash value of the vehicle. If the vehicle is totaled or stolen, gap insurance will cover the difference.

How Does USAA Gap Insurance Work?

USAA gap insurance works in much the same way as it does with other insurance companies. When you purchase a new or used vehicle with a loan, you can add gap insurance to your policy. If the vehicle is totaled or stolen, the gap insurance will cover the difference between the loan amount and the actual cash value of the vehicle.

What Are the Benefits of USAA Gap Insurance?

The main benefit of USAA gap insurance is that it will cover the difference between what you owe on a loan and the actual cash value of the vehicle in the event of a total loss or theft. This can help to keep you from having to pay out of pocket for the difference and can save you money in the long run. Additionally, USAA gap insurance can be added to your existing policy, so you don't have to worry about additional paperwork or costs.

Is USAA Gap Insurance Worth It?

USAA gap insurance can be a great way to protect yourself from having to pay out of pocket in the event of a total loss or theft. It can also help to keep you from having to pay the difference between the loan amount and the actual cash value of the vehicle. Ultimately, it is up to you to decide if USAA gap insurance is worth it for you and your situation.