--- description: Gap insurance pays the difference between the value of a totaled vehicle and what you still owe on a loan or lease after a car accident. title: Do You Need Gap Insurance For Your Car? | Fran Haasch Law --- Do You Need Gap Insurance For Your Car? | Fran Haasch Law [Home](https://www.lawfran.com/) » [Car Accident Lawyers](https://www.lawfran.com/car-accident-lawyers/) » What Is GAP Insurance and Do You Need It? # What Is GAP Insurance and Do You Need It? Last Updated: October 16, 2025 Reading Time: 2 minutes trusted Content Legally Reviewed by: Fran Haasch Updated 9 months ago Table of Contents Our Case results $1,800,000 Car Accidents $1,800,000 Car Accidents $1,550,000 Car Accidents $1,350,000 Car Accidents $1,345,750 Car Accidents $1,300,000 Car Accidents $1,300,000 Car Accidents $1,025,000 Car Accidents $1,025,000 Car Accidents $1,000,000 Car Accidents $1,000,000 Car Accidents $1,000,000 Car Accidents $1,000,000 Car Accidents $895,000 Car Accidents $800,000 Car Accidents $750,000 Car Accidents $750,000 Car Accidents $750,000 Car Accidents $700,000 Car Accidents $700,000 Car Accidents View All Results Our Practice Areas Testimonials Extremely attentive and considerate. Highly recommend them. When I got in my car accident they kept me up to date with everything didn’t have to be on top of them. Very professional. Thank you guys for all you help me with. Julie Rodriguez I was in a car accident a few years ago, they helped me through the process .Very professional and very generous toward the different charities that they help. I've gotten to know a lot of good people throughout the years that are affiliated with them. Thomas Scharf Attorney Fran Haasch was great in helping me with my medical bills and settling my case! They really cared about me and my family. I recommend them, if you have injuries from an automobile accident. 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Frequency may vary. Message & data rates may apply. Text HELP for assistance, reply STOP to opt out. Δ ## What Is GAP Insurance and Do You Need It? If damages to a motorcycle or vehicle are approximately 80% of the value of the motorcycle or vehicle the insurance company is allowed, under Florida Law, to declare that motorcycle or vehicle a total loss. Insurance companies pay book value, not necessarily replacement value or what you might owe to your lien holder. What can you do to protect yourself in this situation if you owe more than the bike is worth? Gap Insurance, which will be the topic this exciting web video. ## What Is Gap Insurance? GAP Insurance is an important part of the buying process when you purchase your new motorcycle or vehicle. This type of insurance coverage is usually offered through the dealership where you are making your purchase. GAP Insurance is a separate policy than your bike or vehicle policy. In the event your bike or vehicle is deemed a total loss by an insurance company, either by accident or theft, GAP coverage will pay the balance of your loan after the insurance company has paid their part. If you owe more than the “fair market” or “book value,” you might be held responsible for the difference even if you are not at fault for a motorcycle or car that you no longer own. Again, insurance companies will usually consider a motorcycle or vehicle a total loss if the property damage to the motorcycle or vehicle exceeds 80% of the book value, not the amount that you might still owe on the motorcycle or vehicle. ## Contact Your Tampa Bay Car Accident Attorneys Today! If you have any questions about your insurance coverage or need any additional information regarding a [motorcycle accident](https://www.lawfran.com/motorcycle-accident-lawyers/), [car accident](https://www.lawfran.com/car-accident-lawyers/), [truck accident](https://www.lawfran.com/truck-accident-lawyers/), or other areas including [wrongful death situations](https://www.lawfran.com/wrongful-death-attorneys/) or even [bicycle accidents](https://www.lawfran.com/bicycle-accidents/), please contact our office at (727) 784-8191. We will be happy to answer your questions free of charge. ### Don’t wait to get help. ### [Schedule your initial evaluation](https://www.lawfran.com/contact-us/) with our legal team when you call (727) 784-8191 or contact us online. INJURED IN FLORIDA? The Fran Haasch Law Group Is Here for You. Whether you’ve been hurt in a [motorcycle crash](https://www.lawfran.com/motorcycle-accident-lawyers/), [car accident](https://www.lawfran.com/car-accident-lawyers/), [truck collision](https://www.lawfran.com/truck-accident-lawyers/), or another serious incident, you deserve strong legal representation. Our experienced Florida [personal injury attorneys](https://www.lawfran.com/palm-harbor-personal-injury-lawyers/) will fight to protect your rights and help you recover the compensation you need. Schedule Your Free Consultation Share this page Find an Office Near You Our Car Accident Locations At Fran Haasch Law Group Accident & Injury Lawyers, we’re proud to serve clients throughout the greater Tampa Bay area and beyond. With multiple offices across the region, our team is dedicated to making it easy for you to access experienced legal help close to home. Select a location below to learn more about the services available near you. Meet Our Attorneys ## Francoise M. Haasch Founding Attorney Over 20 Years Experience Personal Injury Car Accidents Motorcycle Accidents Lifetime Member Known for extensive trial experience and consistent client advocacy across complex injury cases. Meet Francoise M. Haasch ## Joshua R. Lipton Managing Attorney Over 20 Years Experience Personal Injury Car Accidents Motorcycle Accidents Recognized for consistent results and strong client advocacy in complex accident cases. Meet Joshua R. Lipton ## David R. Fuller Attorney Over 30 Years Experience Personal Injury Litigation Secured more than a dozen seven-figure settlements for clients. Meet David R. Fuller ## Allen J. Pipkins II Attorney Over 10 Years Experiece Personal Injury Wrongful Death Motorcycle Accidents Combines experience from both plaintiff-side injury firms and large insurance companies. Meet Allen J. Pipkins II ## Laura Smith Davies Attorney (Of Counsel) Almost 20 Years Experiece Personal Injury Wrongful Death Motorcycle Accidents Known for her versatile trial experience and leadership roles across multiple legal disciplines. Meet Laura Smith Davies Related Content Want to learn more about car accidents? Whether its how to prevent them or what to do once you’ve been in one, [our blog](https://www.lawfran.com/blog/) can help you gather the knowledge and information you need. Car Accident Lawyers Types of Car Accidents How Medical Bills Are Paid After a Car Accident in Florida Shoulder Pain After a Car Accident Chest Pain After a Car Accident Internal Bleeding From A Car Accident Shock After a Car Accident Can Whiplash Cause Dizziness How Do I Get Reimbursed for Lost Wages and Medical Expenses After an Auto Accident? May 8, 2022 An auto accident can cause you to suffer serious injuries that might require medical treatment, including surgery, rehabilitation, and prescription medication. In some cases, the Read Full Post » What About My Rental Car? May 8, 2022 Was your vehicle severely damaged in an auto accident? Are you wondering who is going to pay for your rental car? If you require a Read Full Post » What Happens When Medicine Causes a Car Accident? May 8, 2022 According to the Governors Highway Safety Association, 43.6 percent of fatally injured drivers in 2016 tested positive for drugs, and over half of those drivers Read Full Post » ## Contact Us Today (727) 784-8191 Our experienced attorneys are here to help you navigate your legal rights with confidence. 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