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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.

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14y ago

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Related Questions

What is meant by Georgia gap car insurance?

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.


Does your insurance cover theft from saddlebags on a motorcycle?

Your motorcycle insurance will not cover theft from your motorcycle. Just the same as with your automobile, the theft is covered by your home or renters insurance.


Does comprehensive car insurance cover theft?

In my opinion it does cover theft. To be sure I would call the insurance company of my choice and ask them about their policy.


I had a wreck. Insurance wants to total the car. When I purchased the car I purchased GAP insurance. I filled Bankruptcy Chapter 13. Wondering will the GAP insurance cover balance of after insurance?

Yes, you have taken a smart and wise step. When your car will be totalled by the insurance company, than the balance amount of the loan which you will have to pay will be paid by the gap insurance. This is the purpose of gap insurance. Gap insurance pays for the difference in the insurance settlement and the loan amount when there is an accident or a misfortunate event that leads to a claim like theft of the vehicle. The purpose of insurance is to save a person from financial problems.


Is there insurance I can get for my GPS incase of theft?

Your vehicle insurance policy should cover the theft of your GPS unit.


What types of services does medicare gap insurance cover?

It is true that a medicare gap insurance could cover some of the extra expenses that you have. However, it will not cover ALL of your extra expenses.


What are some of the insurance companies that cover identity theft coverage?

Insurance companies that cover identity theft coverage are available at a wide range. Some examples are Zander Insurance Group, Travelers Insurance and Intact Insurance.


Does gap insurance cover a repossession?

Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.


Does homeowners insurance cover theft if your policy lapsed?

No.


Does homeowners insurance cover fire or theft?

Most homeowner's insurance policies will cover fire and theft. Individual companies and policies will vary, so be sure you check with your insurance agent to verify if yours does.


What does Gap insurance use for in Illinois?

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.


Does gap insurance cover the remainder of a loan from a voluntary reposession of a vehicle?

Gap insurance does not cover repossession anything. It only covers if you wreck the car and owe more than it is worth.

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