Gap Auto Insurance

Can you please explain to me what GAP auto insurance is, and if I really need it or not?

Gap auto insurance protects your vehicle and protects you financial gap that your auto insurance company does not make up for. Gap is extremely valuable to the auto industry because cars always depreciate; however, when buying a new or used car, finance companies tend to make longer loans now days. Even though you are paying off your loan, you car is still depreciating.Gap insurance does not replace your motor vehicle, but will help you when it is needed.