Lassie. Lassie is a fictional female collie dog character created by Eric Knight in a short story expanded to novel length called Lassie Come-Home. However, Knight may have been influenced by another female collie named Lassie, featured in the 1859 story The Half-brothers written by British writer Elizabeth Gaskell.
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.
However, GAP insurance guarantees that you donât have to pay out of pocket even if your insurer doesnât pay for everything. Guaranteed Asset Protection (GAP) insurance basically bridges the gap between your insurerâs payout and the deficit needed to fully cover your losses. For example, consider a new car worth $30,000. It will start depreciating immediately after leaving the dealership, and after about one year it may be worth $25,000. In case of an accident, the insurer will pay $25,000 â the remaining $5,000 will be paid for by the GAP insurance. The benefits on GAP insurance are invaluable. Get in touch with us today in Phoenix to learn more.