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What does gap cover?

Updated: 9/18/2023
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14y ago

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GAP insurance will pay the difference between what your car is worth and what is owed on the loan.

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14y ago

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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.


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when you have a gap insurence and refinace do you carie the gap over the new loan?

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When should a person consider purchasing gap insurance?

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What does gap insurance cover?

Gap coverage is intended to cover the difference between what the car is worth and what is owed on the car. So if you owe 15,000 on a vehicle that has a value of 12,000, you should be covered.


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.


Does gap insurance cover the vehicle if repo is made?

http://www.autoinsuranceindepth.com/gap-insurance.html Google can find lots of things


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What is meant by Georgia gap car insurance?

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Will gap insurance help if your car is repossessed in Arizona?

WHAT "GAP" does it cover?? The gap between your down payment and what the car is worth or the amount you lack to be current with the payments? Read your "GAP" ins. contract to be sure of the coverage. I've never heard of it covering a repo.