What is gap insurance?

Let’s learn what is gap insurance. The most accurate or helpful solution is served by Yahoo! Answers.

There are ten answers to this question.

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Answer:

Most people today refer to gap insurance when they are talking about cars. If you were to buy a brand...

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Can i sue the (at fault person) for the gap difference between the pay off and what her insurance paid?

My 09 leased Corolla was totaled after this lady hit me, now her insurance declared my car a total loss, i didnt buy a gap insurance when i leased the car and now i know that what her insurance is paying not gonna cover the pay off. so can i sue the...

Answer:

Yes you can sue her for the difference. However, it is highly unlikely that you will win. The gap between...

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My car was stolen! What happens when I report it to Gap Insurance?

Thank God I have it. I have Gap Insurance & full coverage too. How long will it take for the whole "investigation" to go through. What will Gap Insurance do? Will they pay off the car and put me in another one? I'm so stressed out! I have...

Answer:

Usually it takes pretty darned close to 30 days for your insurance company to pay off the ACV less your...

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What is a good gap insurance?

My wife and I have pretty good insurance already through our employer but what I am seeking is a gap insurance for the reimbursement of copays etc. Is there such a thing? I figured that there must be something. I just want to protect us against something...

Answer:

There is no such insurance product other than welfare. It would not be cost effective for any insurance...

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What does gap insurance cover?

I have gap insurance on my car. The car is worth about $14,000 but I owe $15,000 left on my loan. If I were to trade my car in, would the gap insurance cover the 'upside down' amount of 1,000...or does it only cover me in the event the car is in an accident...

Answer:

Gap insurance is only in case of an accident.

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What if my car was stolen and it didnt have insurance. will gap insurance help cover?

I let my friend borrow my car, and it got stolen from his friends house. the car was involded in a three car accident and is totaled. My question is will gap insurance help me pay?

Answer:

For Gap insurance to cover this, you MUST have car insurance. Gap only comes into play if your car is...

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My gap insurance refuses to pay. What can I do?

My car was totalled and my insurance company valued it at 900.00 less than I owe. I have been waiting months and finally heard from my car loan co. that the gap refuses to pay the difference. I have never had a late payment so thats not the problem....

Answer:

You could try contacting the Better Business Bureau, or your local prosecutor, and see if either can...

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My truck was totaled but insurance paid it off. i have gap. what do they refund ?

out truck was totaled. insurance paid off balance on vehicle. i had gap . do i get anything back from gap?

Answer:

No. They do not refund anything. GAP only pays for the balance of the loan, and only if the regular...

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Inquiry into the workings of gap insurance on vehicle, what does it cover?

gap cover goes up to 25,000, loan from bank to pay the car finance off, if your car is stolen or written off does the gap insurance cover the bank loan that payed off the car finance? ...show more

Answer:

The fact is that if your vehicle is written off it is likely that your motor insurance would only pay...

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What is VRI insurance and GAP insurance?

I have V.R.I and GAP coverage on my car contract. I Can anyone tell me what these two things are?

Answer:

Hey im a Salesmen.. I sell gap insurance all the time. Gap insurance is basically a little help to say...

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