Car
Gap Insurance in India: What It Is, How It Works, and Why You Need It
When you buy a car and take out car insurance, you probably tick all the usual boxes: third-party liability (since it's mandatory by law), comprehensive cover, and add-ons like zero depreciation or maybe roadside assistance.
But there's one concept most people never hear about: gap insurance. That is surprising because, under certain conditions, it could save you from a serious financial shortfall. This guide explains what gap insurance is, its availability in the Indian market, and whether it makes sense for your vehicle.