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Unfortunately, no. What gap coverage does is pay the balance on your car loan if your car is totaled and the insurance payment is not enough to pay off the balance of your loan. Quite often our vehicles depreciate faster than we can pay them off. Insurance only pays the depreciated (blue book) value, so sometimes what you will get from your insusrance company doesn't pay off the loan.
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How can I lower my car insurance costs after I fell behind in my payments?
You can start making your payments on time and avoid accidents
Can the insurance company find out if your behind on your car payments?
Usually they aren't that nosy because it doesn't apply to them.
If you have PLPD or no fault insurance and you hit someone from behind and their car is fine and yours is not will your car insurance cover it?
No. PL & PD cover injury and damage you do to other persons and their property. Collision and Comprehensive cover your vehicle.
What happens if you total your car and have gap insurance?
if your car is worth 10k and u own 20k and your car gets totaled, your car insurance will cover 10k for what your car is worth and cap will cover the rest. you wont get any money but you also wont have any monthly payments anymore.
What sorts of car insurance cover are available from The Travelers Indemnity Company?
The types of car insurance cover that is available from The Travelers Indemnity Company include bodily injury, property damage, medical payments, and damage from fire and theft.
Can the insurance company deny your claim for stolen vehicle if the car payments are behind?
No, that wouldn't be a reason for claim denial. It may be a reason for them to investigate you for insurance fraud.
Does cosigning an auto loan make you responsible for insurance?
Yes, you are responsible If the person you co-signed for is behind in payments and the insurance coverage expires you are responsible to insure the car until it is sold or the person gets the payments caught up and pays the insurance.
Does diamond car insurance cover the loss of jewelry?
No, diamond car insurance don't cover the loss of jewerly. They cover different kind of insurance like car insurance, home insurance and travel insurance.
In the state of Illinois does your insurance cover the the loan on your car if you receive a DUI?
No. The loan on your car has nothing to do with a DUI. If you do get a DUI, most probably your insurance renewal premium will go up a lot. But, your insurance has no reason to cover your auto loan. It is up to you to make your loan payments with or without a DUI on your record.
Will your flood insurance cover your car in the driveway?
No, Flood insurance will not cover your Automobile. Your Comprehensive Auto Insurance will cover flood damage to your Car.
The bank tells me that I owe a car loan but the car was in an accident and demolished?
Then you're still responsible for the car payments. If insurance doesn't cover the entire cost, then you have to make up for the remainder.
Will homeowners insurance cover car that caught on fire in driveway?
I think your car insurance will cover that.
