The "once a gap, always a gap" policy refers to a principle in certain financial and insurance contexts, particularly in relation to risk management. It suggests that if a gap in coverage or protection is identified, it will remain a gap unless explicitly addressed or filled, implying that risks associated with that gap persist indefinitely. This policy emphasizes the importance of continuous assessment and proactive measures to manage potential vulnerabilities.
By looking at any GAP Insurance Policy you purchased and looking at the dates to see if it is in effect. If you bought GAP Insurance, you would have been given a copy of the bogus GAP insurance Policy.
NO,, GAP Insurance is supposed to pay the difference between what your Auto Policy paid and any remaining portion of your loss after the Auto Insurance Policy has paid it's maximum. If No Auto Insurance Policy is in Place providing comprehensive and collision coverage then your GAP Policy is Null and Void. GAP coverage only pays in conjunction with your Auto Insurance Policy. No Auto Insurance! No Gap Payment
Yes, But only if there is a gap in the final loss payment by the underlying auto insurance policy. If there is no underlying Auto Insurance theft coverage then the Gap Policy is null and void and no coverage would ensue.
GAP means shut up and get a life u loser!!
It means "There's always a gap that stays open".
Gap's code of Ethics are right here: http://www.itglwf.org/lang/en/documents/GapCodeofConduct.pdf
These intellectuals recognized the gap between theory and practice in colonial policy.
Gap insurance in a second policy that augments your original plan. In the case of cars, if your current plan doesn't cover theft, you can get a 'gap' plan that does.
buy only a term policy
You'll have to seek out the fine print in your gap policy for details on that. In regards to your auto policy, full coverage does not have anything to do with who is covered, but everthing to do with what is covered. Generally speaking damage to your car will be covered, minus your deductible, unless your boyfriend is excluded from the policy. For the future it's always a good idea to add drivers to your policy, even if it's for a day, no sense in putting yourself in a position like this.
Yes, unless you have financed the vehicle and have a Gap protection policy on the contract. The Gap protection will cover the difference between what your insurance company settles with you and what your payoff might be (there's often a "GAP" between the two). All this of course happens once the vehicle has been determined to be a total loss either by accident or being stolen.
Well, that depends. It's only a 3 year age gap and once you get older it will seem like less of a gap which it is not a big age gap at all.