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What is Guaranteed Asset Protection (GAP) insurance? | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/ask-cfpb/what-is-guaranteed-asset-protection-gap-insurance-en-797/

...your auto loan and the amount the insurance company pays if your car is stolen...stolen or totaled. Standard auto insurance only pays an amount up to the value of...as extended warranties or credit insurance – that a dealer will likely offer...product can vary greatly. Your own auto insurance company may offer a GAP policy, and

What is homeowner's insurance? Why is homeowner's insurance required? | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/ask-cfpb/what-is-homeowners-insurance-why-is-homeowners-insurance-required-en-162/

Homeowner’s insurance pays for losses and damage to your property if something...sure your property is protected by insurance. That’s why lenders generally require...Standard homeowner’s insurance doesn’t cover damage from earthquakes or floods...Homeowner's insurance is also sometimes referred to as "hazard insurance". Many homeowners

Insurance Information Exchange (iiX) | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/consumer-reporting-companies/companies-list/insurance-information-exchange/

...including traffic violation data to insurance providers and prospective employers... and criminal background checks. Insurance Information Exchange is a subsidiary...including traffic violation data to insurance providers and prospective employers... and criminal background checks. Insurance Information Exchange is a subsidiary

What kind of auto insurance options are available when financing a car? | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/ask-cfpb/what-kind-of-auto-insurance-options-are-available-when-financing-a-car-en-731/

You should shop and compare insurance options before buying a car or vehicle...vehicle. You may encounter a variety of insurance and credit protection products when...have insurance for other risks, consider shopping for automobile insurance before...other types of insurance, such as home insurance, your current insurer can tell you

Am I required to purchase an extended warranty, Guaranteed Asset Protection (GAP) insurance, or credit insurance from a lender or dealer to get an auto loan? | Consumer Financial Protection Bureau

https://www.consumerfinance.gov/ask-cfpb/am-i-required-to-purchase-an-extended-warranty-or-guaranteed-asset-protection-gap-insurance-from-a-lender-or-dealer-to-get-an-auto-loan-en-807/

...extended warranty, GAP insurance, or credit insurance. In most situations, they...manufacturer’s warranty ends. GAP insurance covers the difference (or gap) between...owe on your auto loan and what your insurance pays if your vehicle is stolen, damaged