There are plenty of insurance plans present in the market to select from, and choosing one can be overwhelming. You want coverage for your car, home, life, health, job, retirement, and, oh yeah, your travel. So, what is gap insurance? Gap insurance(short for “Guaranteed Access to Purchase”) is a type of insurance that covers you if something goes wrong while traveling. For example, if you get sick, the gap insurance would pay for medical treatment (or your deductible), lost luggage, or if you need to cancel your flight for some reason. A gap is covered by the insurance company, preventing you from suffering financial hardship. Gap insurance is coverage that…