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Gap insurance is designed to give additional coverage so you are not stuck with a bill in case an accident happens in between. You can find out about this at http://www.carinsurance.com/kb/content19664.aspx
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∙ 10y ago
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What does Gap insurance use for in Illinois?
What is Illinois gap car insurance? Is insurance you can purchase to cover the gap between the cost of repaying your car loan and the amount the insurance company will actually give you for your totaled car.
How do I get Florida gap car insurance?
I think I would need more information about this Florida gap car insurance. To give you an better answer since this is something I know next to nothing about. That is what I would do.
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.
Can I get gap car insurance in Virginia?
Yes you can easily get a gap car insurance in Virginia. There are many insurance agencies which provide such insurance. You can visit various insurance agent sites and compare quotes and choose.
Does State Farm offer Ohio gap car insurance?
According to various sources State Farm doesn't offer gap insurance. Gap insurance is usually offered through the dealership when you purchase your car.
Should you buy gap insurance?
If you owe more than the car is worth, it is a good idea.
What does gap insurance provide in the early years of one's loan?
Gap insurance refers to insurance which covers the gap between new car replacement and the current value of the car. It eliminates the risk of a car insurer not paying out enough in the event of a loss.
What does gap insurance in Virginia do?
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.
Does gap insurance cover the remainder of a loan from a voluntary reposession of a vehicle?
Gap insurance does not cover repossession anything. It only covers if you wreck the car and owe more than it is worth.
Where can I find cheap gap car insurance in Texas if I put a low down payment on my car?
Cheap gap car insurance can be found in Texas but only under certain locations. You could try an all state or a Texas home insurance company for cheap gap insurance policies.
Is there a gap in car insurance in Illinois?
There does seem to be a gap in car insurance in Illinois, but it doesn't seem like there's much anyone can do about it. It is a concerning issue, I agree.
Car totaled insurance value car at 16000 and loan amt is 12400 can you use your gap insurance to pay off car loan?
If they gave you 16000 on the car, you would not need gap insurance since your loan amount is 12400.
