 And what gap insurance does is it pays the difference between the market value of the vehicle at the time of the wreck and how much is owed on the loan at the time of the wreck. So it safeguards you from being left holding the bag for a wreck that wasn't your fault when there's more owed on the vehicle than the market value of the car. How simple is it for people to add gap insurance when they're getting a car? At the time of purchasing the vehicle or when you're financing the vehicle,