I was in an stroke of luck this morning. I am pretty sure my car is totaled. I have GAP insurance, so I know the rest that I owe on my sports car will be paid off. However, will I carry money back for my car once it is totaled out? I enjoy full coverage insurance. My car is worth about 3000. I still hold 5800 to pay off.
No, you get a receipt that states compensated in full.
Answers: GAP covers the difference between what you owe and what the vehicle significance is at the time of loss. It will not give you any extra money. If you did not have the GAP coverage, you would enjoy to pay the $2800 out of pocket!
If you had an extended service plan you may be capable of get a pro rated discount for the unused time and mileage, but other than that, you are not going to end up beside cash!
If the accident be not your fault, and you do not live in a no breakdown state, you may be entitled to replacement transportation (rental car) until the claim is settled.
No, you get a receipt that states compensated in full.
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No, you get a receipt that states compensated in full.
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Answers: GAP covers the difference between what you owe and what the vehicle significance is at the time of loss. It will not give you any extra money. If you did not have the GAP coverage, you would enjoy to pay the $2800 out of pocket!
If you had an extended service plan you may be capable of get a pro rated discount for the unused time and mileage, but other than that, you are not going to end up beside cash!
If the accident be not your fault, and you do not live in a no breakdown state, you may be entitled to replacement transportation (rental car) until the claim is settled.
No, you get a receipt that states compensated in full.
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