> ## Documentation Index
> Fetch the complete documentation index at: https://docs.nelsonandassociatesinc.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Gap insurance

> What gap insurance is, how it pays the difference between your auto loan or lease balance and the vehicle's actual cash value if the car is totaled or stolen.

**Gap insurance** pays the difference between what you owe on your auto loan and the car's actual cash value if the vehicle is totaled.

It matters most when you financed most of the purchase or rolled negative equity into the loan. Gap is usually optional and may be available from your lender or insurer.

## Related terms

* [Actual cash value (ACV)](/learn/actual-cash-value)
* [Collision coverage](/learn/collision-coverage)
* [Auto insurance](/learn/auto-insurance)

## Further reading

* [FTC — Auto insurance basics](https://consumer.ftc.gov/articles/auto-insurance-what-you-need-know)

These are independent consumer-education sources. Coverage details vary by state and carrier.

## Get a quote

Ready for coverage? A licensed agent calls during business hours (**Mon–Fri 9–5 CT**):

* [Auto / home / life quote](https://nelsonandassociatesinc.com/quote?utm_source=docs\&utm_medium=referral\&utm_campaign=gap-insurance)
* [Small business / commercial](https://nelsonandassociatesinc.com/commercial?utm_source=docs\&utm_medium=referral\&utm_campaign=gap-insurance)


## Related topics

- [Learn](/learn/index.md)
- [Coverage gap](/learn/coverage-gap.md)