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Confused about GAP insurance for your car in Canada? In this video, you’ll learn exactly what GAP (Guaranteed Asset Protection) insurance is, how it works with your auto policy, and when it actually makes sense to pay for it. We’ll walk through a simple real‑life example of a car being written off, how depreciation creates a “gap,” and how GAP insurance can stop you from paying thousands on a car you no longer have. You’ll also see the most common situations where GAP coverage is worth it—like low down payments, long loans, and leases—plus when you can probably skip it. Timestamps: 0:00 – What is GAP insurance in Canada? 0:40 – How regular car insurance pays out 1:20 – Depreciation and the “gap” explained 2:00 – Real example: total loss payout 2:40 – Where to get GAP insurance 3:20 – When you actually need it 4:10 – Cost, pros, and cons 4:40 – Final tips for Canadian drivers If you’re buying or leasing a car in Canada, watch this before you sign the paperwork. Hit like if this helped, subscribe for more Canadian car and money tips, and drop your questions in the comments! #GapInsurance #CarInsuranceCanada #CanadianDrivers #NewCarBuyer #PersonalFinanceCanada #carinsurance #insurance #car #ontario #canada #vlog #vlogger #viral