No, Gap insurance would not be in effect for this type of "loss."

Gap insurance is a type of auto insurance coverage that pays the difference between your insurance settlement (from a covered loss) and your loan balance. If your primary insurance carrier is not paying out a settlement for a covered loss such as the van being declared a total loss due to an accident then your GAP insurance will not pay out either.

If you are upside down on your van and want to trade it in, your gap insurance coverage would not be able to be used for this type of event.

To get an inexpensive car insurance quote on the car you trade your van in for, click here.