Gap Insurance!!?

Homepage News Legal Forum Dictionary

Home : Legal Forum : Insurance & Registration

Gap Insurance!!?
Find answers to your legal question.

Gap Insurance!!?

I have a car loan that currently has gap insurance included in it. What does gap insurance cover? Do I need to have that on my personal insurance also?

CwboyBill	Gap insurance is used to 'gap' the amount you owe on the car vs what it is worth if (heaven forbid) it is burned, flooded, stolen or crashed beyond repair. Once the amount you owe is less than the value of the car you need to drop Gap ASAP.

harddrive2002	If your car (blue book value) is not worth as much as you owe on the vehicle i'd consider keeping it, but if you bought it right and owe less than what the cars worth, then you're just wasting money.

Insuranceman	Covers the difference between the ACV (Actual Cash Value) of the car and the loan balance ..... IF the car is totalled out. There ARE certain provisions where it WON'T pay such as late payments, repo fees and the like..but it IS a good thing in today's market especailly with the initial payments being low and financed out over a longer period of time... Good luck and I hope this helps!

Legal Discussion Forum

Marriage & Divorce Insurance & Registration Law & Ethics Immigration Law & Legal Jobs Law Enforcement & Police Cars & Transportation Safety Child Adoption Embassies & Consulates Military

What percentage do you need to renew your licence is you're a Senior?

I'm doing a speech for english on young drivers vs. senior drivers and I was trying to find out what percentage you need to pass your renewal written test if you're a senior. I'm ...

I have been driving trucks for 15 years and would like to get into the mines does anyone know how I can do tha

...

I HAVE LOST MY DRIVING LICENCE NO 48018 AHMEDABAD RTO AND IT WAS BOOK TYPE LICENCE NOW I WANT MY DUPLICATE LIC?

so what i have to ...

Is the year 1993 the last year for geting your license under age of 18?

If you were born after 1993 you can only get your license at 18...

No car insurance and having to pay a claim?

My husband rear ended someone and was insured (grrrrrr he let it lapse by 2 months) We just got the bill but cant pay it all at once it is too high. Has anyone organised instalment payment plans ...

Registration Transfer?

How much is Registration Transfer for a Used Vehicle from $6,100....

how much would a taxi driver roughly charge for a 15 minute trip? just a rough estimate?

...

Car insurance for under 21 female in victoria aus?

Need help, being going thru all the quotes. Ranging from 470-540 for third party fire and theft. I am driving an older car so I dont need full cover. Just wondering if anyone can tellme over car ...

Does anyone know how to apply for a restricted license Online?

Im in new york state. I got a speeding ticket during my probabtio period(six months after i got license). I was given a 2 month suspension and told i can apply for a restricted license. Im trying ...

Auto Insurance Nonrenewal?

June 2006 my aunt was in town visiting and borrowed our car with permission for a 15 minute drive. She totalled our car and damaged another for $9000 in damages. Fast forward to Dec. 28, 2007...my 16...

How can I check if my car registration is expired if I can't find my registration?

We have a "pleasure" car which we drive in the summer, and we just pulled off the car cover. I cannot find the registration for it so I don't know when the registration expires so is ...

With indian international driving permit can we drive in UK!?

...

A person is under a rta good behaviour bond will he/she be covered for car insurance in accidents?

This question relates to NRMA car insurance policies. The policy mentions it will not cover driver's license that are cancelled, suspended or special conditions imposed. So does this special ...

if you get your victorian licence cancelled can you still drive on your queensland licence?

...

i have found a car that has no log book book can i get a log book for the car in my name?

...

NSW drivers license suspension...?

So my friend lost his NSW drivers license, and am wondering wether he has also lost his motorbike license? He was caught speeding.. and thus got his license suspended for 6 months. (P) Plater.. ...

What is the statue of limitations for the Connecticut DMV?

I got a ticket in 2000 for expired registration, which I thought I paid. I then graduated college and moved around the country -- haven't lived in CT since. When my drivers license expired a few ...

What's a SILVER driver's LICENSE? Help!?

eg. is it a specific P level or a full-licensed driver? (for NSW by the way) Thanks. So a person with a silver license = a full-licensed driver?...

were can i get my hands on a cat c right off?? the winter is comming and am wanting a project?

...

Can i change my Australian Provisional Drivers licence to an English one????

I have my Australian Provisional Licence and will me moving to England to live later next year i was just wondering if i needed to retake me test again in the UK I already had my learners licence ...

Copyright (c) 2009-2013 Wiki Law 3k Saturday, May 25, 2013 - Trusted legal information for you.
Archive: Forum | Forum | Forum | Links
0.044