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Will gap insurance pay anything if you owe less than the cars worth?

No it will not pay anything in that case. GAP only covers the difference if the value is less than amount owed.


What is the definition of contractionary gap?

A contractionary gap occurs when an economy's actual output is less than its potential output. This leads to high unemployment and underutilization of resources. Policymakers may implement contractionary monetary or fiscal policies to close this gap and bring the economy back to full employment.


What percentage of students change their mind about college during a gap?

the percentage of students change their mind about college during a gap is 50%


How does one get CA gap car insurance?

Although it is not mandatory, you should ask your lender about their policy for getting gap insurance. You can get it if the car you are buying is less than eight years old.


What is a Gap Certificate?

its very simple : gap certificate is a affadavit which is used to show a gap in education or further study... a lawyer can help u to make it.. it is commenly used to by students while taking admission in another college if student is having any academic gap or want to enroll in college after few years of gap...any student above 18 years of age can make gap certificate for him self or less than 18 years require parents approval and signature... how to make gap certificate(its very simple.. its not a rocket science)...Follow following steps: 1) Just Chill and Meet a lawyer and tell him i want to make a gap certificate tell him a reason for Gap so that he can prepare it 2) Your GAP certificate is prepared.. Give lawyer a fee.. Usually it takes 150-200 rs (including stamp paper, typing, stamps, notary etc...)


Does gap insurance on you car expire?

GAP insurance helps cover the difference if your car is deemed a total loss and is worth less than what you owe on the loan. GAP insurance only runs out when you pay down your loan enough that you have equity in the vehicle.


A deflationary gap occurs when an economy is in an expansion?

A deflationary gap occurs when ag­gregate demand is less than aggregate supply. Deflationary gap depicts a situation in which total spending in an economy is insufficient to buy all the output that can be produced without unemployment occurring.


Is California gap car insurance a good buy?

Gap insurance would be a good choice if you put less than 20% down on a new car. If something were to happen to your car shortly after the purchase, gap insurance will pay what you owe, not what the car is worth.


Why do some restaurant jobs pay less than minimum wage?

Some restaurants pay a base wage that is less than minimum wage because they expect tips to cover the gap. This is why restaurants are picky about claiming tips.


What is the spark plug gap for a Mazda mx6?

all 88's are .041 gap no more no less!!!!!


What is the spark plug gap for a 2001 harley-davidson sportster 883?

The correct answer is between 38 and 40 (esp if its an '01) No less than 40 and no more than 45.


Why the temperature sensitivity of silicon is less than germanium?

The temperature sensitivity of silicon is less than germanium because silicon has a wider energy band gap than germanium. This wider band gap allows silicon to operate more efficiently at higher temperatures, resulting in less temperature-dependent changes in its electrical properties compared to germanium. Additionally, silicon has a higher thermal conductivity than germanium, which helps dissipate heat more effectively, reducing temperature effects on its performance.