For many families, college is an investment in a better financial future. But for about two-thirds of students, that future ...

That’s what gap insurance is: It helps cover the “gap” between your car’s actual value and what’s left on your loan or lease. In some cases, this insurance can be a lifesaver.

Gap insurance is a valuable addition to your coverage if you have a loan or lease on your car because it can stop you from being “upside down” on your loan after an accident.