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WHAT "GAP" does it cover?? The gap between your down payment and what the car is worth or the amount you lack to be current with the payments? Read your "GAP" ins. contract to be sure of the coverage. I've never heard of it covering a repo.

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โˆ™ 2014-02-10 16:46:10
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Q: Will gap insurance help if your car is repossessed in Arizona?
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Related questions

When a car is repossessed what do you do with the insurance?

When a car has been repossessed the person paying the insurance should cancel it.


Does insurance help with rental when car repossessed?

I've never heard of an insurance policy that covers repossession. Remember, the car doesn't actually belong to you -- it was repossessed because you failed to honor the contract of repayment of the loan to buy it.


What do you do about your car insurance once your car is repossessed?

Cancel your policy.


Should you cancel the car insurance on a repossessed car in NJ?

yes


Should you cancel the car insurance on a repossessed car in Florida?

Yes of course you should!


Can a car be repossessed if I don't have insurance?

yes by doing the confy stuff


Where can I find a company list of Arizona car insurance providers?

A good place to start is www.automotive.com/auto-insurance/77/arizona/index.html. This is a comprehensive list of car insurance providers for Arizona.


If your car has been repossessed do you have to keep car insurance on it?

no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.


If you repossess your car do you have to continue insurance coverage on that vehicle?

I take it you mean, if your car IS repossessed. In that case, IF you dont plan to redeem it, NO. NO car, NO insurance. Once the lender repos the car, they are responsible for the insurance coverage.


My girlfriend canceled my insurance and called the car lot My car was repossessed to get the car back they want to be paid off in full what are my legal rights do I have any options?

If you owed money on the car (which is probably why it was repossessed), you need to pay what they demand. Check the paper you signed when buying the car if you think they are 'demanding' something different than you signed. Your girlfriend was smart to cancel the insurance, since a repossessed car does not need insurance. You cannot sue your girlfriend for calling the car lot, or for cancelling the insurance, because you cannot show DAMAGES to yourself.


Can a car be repossessed because of no collision insurance when standard insurance was active on the car?

If your contract requires full coverage and you do not have full coverage, you are in violation of the contract.


Does gap insurance protect you if your car is repossessed?

yes, because it is so stupied that it is how i think

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