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Guaranteed Auto Protection (GAP) insurance (also known as GAPS) was established in the North American financial industry. GAP insurance is the difference between the actual cash value of a vehicle and the balance still owed on the financing (car loan, lease, etc.). GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. Some financing companies and lease contracts require it.
GAP insurance covers the amount on a loan that is the difference between the amount owed and the amount covered by another insurance policy. Some GAP policies also cover the deductible. This coverage is marketed for low down payment loans, high interest rate loans and loans with 60 month or longer terms. GAP insurance is typically offered by a finance company at time of purchase. Most auto insurance companies offer this coverage to consumers. GAP insurance is usually paid upfront and, for that reason, one is eligible for a refund if he/she sells or refinances their vehicle.
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Frequently Asked Questions about Auto Insurance Appraiser
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Current Auto Insurance Appraiser Job Postings
Appraiser - Estimatics - Livermore, CA (RA1, RA2) (State Farm) - Livermore, CA
Appraiser - Estimatics - Austin, TX (RA1, RA2) (State Farm) - Austin, TX
Appraiser - Estimatics - Jersey City, NJ (RA1, RA2) (State Farm) - Jersey City, NJ
Auto Field Appraiser (Loya Insurance Group) - Chicago, IL
INSURANCE AUTO DESK APPRAISER - ESTIMATOR - WORK FROM HOME (Audit Services Incorporated) - Tampa, FL
Field Auto Damage Appraiser (Liberty Mutual Insurance) - Fort Lauderdale, FL
INSURANCE AUTO DESK APPRAISER - ESTIMATOR - WORK FROM HOME (Audit Services Incorporated) - Conyers, GA
Auto Material Damage Appraiser (Sentry Insurance) - San Jose, CA
Claims Representative I - Central Claims Office (Country Financial) - Alpharetta, GA
Field Appraiser (Sentry Insurance) - Carolina Beach, NC
Auto Physical Damage Insurance Adjuster/Field Srvc Mgr - Baltimore (Ford Motor Company) - Baltimore, MD 21240
INSURANCE AUTO DESK APPRAISER - ESTIMATOR - WORK FROM HOME (Audit Services Incorporated) - Nashville, TN
Field Auto Damage Appraiser (Liberty Mutual Insurance) - Dallas, TX
Desk Appraiser - Auto Damage Claims (Windhaven InsuranceTM Insurance, Inc.) - Tampa, FL
INSURANCE AUTO DESK APPRAISER - ESTIMATOR - WORK FROM HOME (Audit Services Incorporated) - Phoenix, AZ
Field Auto Damage Appraiser (Liberty Mutual) - Dallas, TX
Field Appraiser - Auto Damage Claims (Windhaven InsuranceTM Insurance, Inc.) - Dallas, TX
Customer Service Representative-Collision Center (BALISE MOTOR SALES COMPANY) - Warwick, RI
Claims Appraiser - Material Damage (Inspection Connection) - Dunn, NC
Outside Auto Appraiser - (Interview Day August (Travelers Insurance) - Alpharetta, GA
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