Definition: Gap Cover Insurance: This type of insurance covers a gap between an owner's policy (primary coverage) and their insurance policy for unforeseen expenses related to damage, repair or replacement of a vehicle. Gap Coverage Explanation: A gap coverage is like a "gap in cover" - it is a temporary protection from unforeseen damages that may occur after the primary coverage has been in effect. For example, if you are in an accident with your car and the driver's insurance company does not have enough coverage to pay for all the damage or repair costs, then you can purchase a gap coverage policy to take advantage of it. Gap Coverage Definition: A Gap Cover Insurance is a type of coverage that covers unforeseen expenses related to damage, repair or replacement of a vehicle after an accident. This type of insurance provides temporary protection from these types of damages and allows the owner to recover for any costs they may have incurred due to accidents.
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