What Is Auto Lease Gap Insurance? 
Auto lease gap insurance provides you with coverage in the event your car is totaled and the amount owed on your lease -LRB- the payout -RRB- is more than you receive in the insurance settlement . The cost varies , depending which company you are insurer with . But it 's popular and should always be considered . LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several of the nation 's best free-quote auto insurance websites . 