0
Yes you do. You need to have Collision and Comp coverage for Gap insurance to appy. Let's say that your vehicle is totalled out in a car accident and your loan is for $15000. Now lets say the insurance company offers you $10000. You would still owe the bank $5000 for your car so in this case, the Gap insurance will cover the other $5000 and pay off the loan in full once you submit all the paperwork they need to process the claim.
Still curious? Ask our experts.
Chat with our AI personalities
BlakeAs your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
TaigaEvery great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
RossEvery question is just a happy little opportunity.
Chat with RossAdd your answer:
Earn +20 ptsQ: Do you need Full Coverage if you Have Gap Insurance?
Write your answer...
Submit
Still have questions?
Trending Questions
What is the purpose of a dry shaft in a car?
Cual es la medida en torque para bancada del 5.7 Chevrolet?
What are NESHAP's solvent requirements for an auto shop?
What does mean Con Man?
What is an example of a deductible?
Is Tail coverage same as run-off cover?
What is the term car parts wholesale?
how long does it take to get a check from being in a car wreack?
Is it bad for a motor to only run 3 out of four cylinders?
Where can one find information on cheap car insurance in the UK?
Do grey and orange go together?
How can you dry out car interior?
What does the green light mean on home guard 200?
If your vehicle is hydroplaning you should?
Will home insurance cover a broken door window caused by heat?
Driver side front and back carpet for 2009 HHR soaked?
Will any aftermarket exhaust fit on any car?
How many acres is 300ft by 300ft lot?
Can you siphon gas from a 1997 Pontiac Bonniville?
How do you set up automatic payments?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.