Gap insurance is an optional coverage that offer by insurers.
Gap insurance is typically a separate coverage that you may have purchased in addition to your standard auto insurance so review your car insurance policy documents.
Contact your insurance company directly and ask for whether you have gap insurance on your policy.
If you notice that you are paying a premium for gap insurance on your auto insurance bill, then you likely have gap coverage.
If you're financing your vehicle, your lender may require you to have gap insurance. Check your loan agreement or contact your lender to confirm whether it's included or not.
If you're leasing or financing your car, review your lease or loan agreement. Many lenders include gap insurance as a requirement to protect their investment.
Your insurance declaration page provides a summary of your coverage. Look for "Gap insurance" or "loan/lease payoff coverage" on this page.
If you purchased insurance through an agent or broker, they can clarify whether you have gap insurance and explain the terms with coverage.
Many insurance companies offer to manage online accounts or mobile apps where you can access your policy details. Log in and check for any information related to gap insurance.
Remember that gap insurance is typically only applicable to new vehicles, especially if you owe more on your auto loan than the car's current value.