Do I need additional coverage on my policy?
It depends on how long you’re planning on keeping your car. If you plan on keeping it for more than a year, then short-term insurance won’t be necessary. However, if you want a reliable ride while in between cars or buying one that is brand new, short-term insurance may be what you need.
Should I get gap coverage?
Your car might be worth less than you think. This means that when you total it, your insurance might not cover what you owe on your loan. Gap coverage can fill that gap. If you opt for it, gap coverage reimburses you for part of your loan balance after an accident so you don’t have to pay it all out of pocket.