Gap insurance will pay out if your car is totaled and it is leased or has a loan balance. Without this coverage, you would receive only the depreciated value of the car minus any deductible ...

Once your car loan is completely paid off, obtain a car title lien release from your lender so your state BMV or DMV can put the car title in your name. The lien removal process varies by state and ...

Is gap insurance needed for my leased vehicle? Lessors may require gap insurance for a leased car since new vehicles depreciate quickly once driven off the dealer's lot. Note that Progressive offers ...