My question involves insurance law for the state of: Texas
I got a loan through Navy Federal credit union and have the option to add their optional GAP insurance but trying to figure out if it's worth it. It's $299 and will be included in my monthly payments. My loan amount was $17.799 and my term is 72 months. I've done some reading and research trying to find out how people determine whether or not they need it but I'm not understanding. Should I get it? I know I have to have Collision and comprehensive coverage in order to get it, right?