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.
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.
No the dealership can not be sued if they did not offer GAP insurance. The dealership is not required to offer GAP insurance.
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.
Gap insurance is not the name of a company, it is a type of auto insurance related to leasing vehicles.
Most major insurance companies offer car insurance in Illinois, including State Farm and Allstate. Illinois Car Insurance Center also offers car insurance to Illinois residents.
If they gave you 16000 on the car, you would not need gap insurance since your loan amount is 12400.
What insurance you go with is entirely up to you; insurance is all about personal preference. Gap insurance has some lower rates than other companies; make sure you can get Gap insurance in your area by checking their website.
Contact your Illinois Department of Insurance
If you are looking for a free Illinois health insurance quote you can go to http://www.gohealthinsurance.com/insurance/states/Illinois This is a simple form that will provide a list of Illinois providers.
Yes, auto gap insurance is necessary in Anchorage, AK
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
Andrew House is the chief executive officer of Gap Year Insurance. Gap Year Insurance has steadily seen an increase of 61% in claims in the past six months.