The year of the vehicle maybe low blue book and your upgrade Receipts.
No, as long as you have let your insurance company know they car is stolen.
It depends on your insurance. If you only have third party insurance you get nothing. If it is a full comprehensive insurance, and if your car is not recovered, you will get compensation which will be the present market value of that car
You are responsible for the difference in what the car is worth,(Insurance Payment) and the balance of the loan. Insist the insurance pay you the NADA retail value of the car, not the Blue Book value.
No.
It is different from regular insurance because it covers you for the difference between your car's value, and what you owe on it if you have an accident that totals the car, or the vehicle is stolen. If you are making payments on the vehicle, and you owe more than its value, your GAP insurance will cover the difference.
i'd say the insurance company owns it
Most insurance companies will only pay the blue book value of the car at the time that it was stolen. Check the Kelley Blue Book or the National Automobile Dealers Association for approximate values.
It belongs to the insurance company
When your car is 'stolen", you file a stolen car report with the cops. Then your INSURANCE will pay off the loan. The lender will deal with the insurance co. and alls well. You dont have a car, but no payments either. BTW, the insurance co. HAS to be sure its stolen or they wont pay the loan off.
If you try to get theft insurance after the car is stolen you will go to Jail! The insurance companies have no sense of humour about FRAUD! Penalty for Insurance Fraud in the U.S. is up to 20 years in prison.
victim compensated in hit/run stolen car
if you don't have an up to date MOT then your insurance is null and void. if your car is stolen then you are only covered if you have fully comp insurance!