Question:

Car Accident Gap Insurance...HELP!?

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I justgot in a car accident. My back of my car is smashed. It was completely NOT MY FAULT. I am unsure if i have Gap insurance or not. Whose Gap Insurance pays off your loan if the car is "totalled"?

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  1. Perhaps You ought to google it first ,nevertheless if you prefer some direct resource ,here might be your choosing.

    You will find much more useful suggetions and tips for your question.Good Luck for you.http://car-insurance.online-tips.info/ca...


  2. Only yours, if you carry it.  It's usually sold by the dealership you bought your car from.  If your contract is paid for and you didn't continue that GAP coverage, then you obviously don't have it.  (It also doesn't cover late fees or missed payments)

    The liable insurance carrier is obligated to give you 'actual cash value' for your car.  Nothing more/nothing less, they are not responsible to pay off your loan or supply a replacement vehicle.

  3. If you don't know about having GAP, go through your purchase papers. If you are still unsure, call the dealer that you purchased from.

  4. I don't know - but good luck getting your $ from them.

    We agreed upon a price for my car June 18th (car wreck in early October 2007) and I am a-waiting.....................True story.......

    The insurance company can do as they please.....I've spend about 3K on my accident - I pray to God no fool ever hits me again - this has been a complete nightmare.

  5. If the vehicle is totaled, you will get the Actual Cash Value for the vehicle it does not matter who's coverage you file against, yours or the other party.  If YOU have GAP coverage, then this will cover the balance of the loan should the ACV be less than the loan amount.  The other person's is not responsible for the loan balance.

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