Aperture insurance covers the antithesis between a vehicle's actual rate and the immensity you owe.
Aperture insurance is an optional insurance policy that covers the antithesis or "space" between the magnitude you owe for your machine and its actual value. Buying gap insurance is a good idea because even if your vehicle is brand new, it will depreciate between 20 and 30 percent as soon as you drive it off the car lot. Therefore, if your vehicle is totaled or stolen and your insurance company pays you for its actual value, you could still owe thousands of dollars toward the payoff of your auto loan even several years into your ownership.3. Buy coverage from the dealer who is selling you the vehicle. Dealers will offer numerous extra products once you have agreed on a price and the terms of your financing are secure; gap insurance is almost always one of the products offered.
Buy coverage from your current insurer. Although most auto insurance policies do not include a gap provision, your insurer will sell you the extra coverage if the company offers it, some even at a discounted rate for being an existing customer. Call and ask your agent if your insurer offers this coverage.
2. Purchase coverage from an insurer other than your primary auto insurer. Selling gap insurance requires a specific license, and many insurance companies do not offer it at all. However, companies licensed to sell insurance in your state that offer gap coverage will be glad to sell it to you as a separate policy. You'll have to call around and ask various insurers in your area if they offer the coverage.
You can obtain gap insurance using one of three methods.