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Gap Insurance, From Your Lender?

I previously posted on the gap insurance my dealer offered when I was purchasing my car. I finally got around to signing the loan documents yesterday. I was pleasantly surprised that they included something called “Total Loss Protection”. What is it? It looks a lot like gap insurance to me. Who did I get me loan from? USAA. Definitely add your lender to the list of places you look for gap insurance.

Is bad debt the only kind?


http://www.ScottOnMoney.com/mt/mt-tb.cgi/7