GAP insurance typically pays the lien holder the difference between the actual cash value of the vehicle and the outstanding amount on the loan or lease. Since GAP insurance is there to pay the for the difference between what the car is valued at and what is owed the finance company and your vehicle is paid off, it is likely that your GAP insurance will not pay out.

Insurance companies do differ on their guidelines and terms of their policies so you will have to speak with your insurance company to find out how your GAP insurance will play into the settlement for the total loss of your SUV.

If you are in the market for new insurance for the vehicle you get to replace the SUV you can start getting car insurance quotes now.