http://www.autopolicyrates.com/blog/80/gap-insurance Auto policy rates and insurance talk Sat, 31 Oct 2009 14:41:37 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.autopolicyrates.com/blog/80/gap-insurance/comment-page-1#comment-161 Alex Wed, 29 Jul 2009 08:00:22 +0000 http://www.autopolicyrates.com/blog/80/gap-insurance#comment-161 I believe you can purchase it at anytime, I'm sure they won't want to deny you paying them premiums. I'll try to explain the way it works. You have your regular insurance, collision coverage and comprehensive coverage, if you have a loan, you should have these and probably do. Collision pays for your damage due to an accident, comprehensive pays for damage not as a result of an accident, like a tree falls on your car. But lets say either an accident or tree falls on your car and whatever happens makes the vehicle a total loss. your regular insurance coverage will pay you the value of your vehicle less your deductible. I have no idea what yours is but lets just say for an example purpose the insurance company determines its $16,000 and your deductible is $500. They will pay you $15,500. obviously not enough to pay your loan off. The gap insurance should pay $18,000 - $16,000, so $2000 to your loan company. You will still be out your deductible. So I guess the simple asnwer is its based on the balance of the loan. I would check into the current value of the vehicle. go to kelly blue book's website, kbb or maybe nada.com, and you should be able to get an idea of how much your vehicle is worth with the amount of miles currently on it and its features etc and figure out if its worth you buying the gap insurance. I believe you can purchase it at anytime, I’m sure they won’t want to deny you paying them premiums. I’ll try to explain the way it works. You have your regular insurance, collision coverage and comprehensive coverage, if you have a loan, you should have these and probably do. Collision pays for your damage due to an accident, comprehensive pays for damage not as a result of an accident, like a tree falls on your car. But lets say either an accident or tree falls on your car and whatever happens makes the vehicle a total loss. your regular insurance coverage will pay you the value of your vehicle less your deductible. I have no idea what yours is but lets just say for an example purpose the insurance company determines its $16,000 and your deductible is $500. They will pay you $15,500. obviously not enough to pay your loan off. The gap insurance should pay $18,000 – $16,000, so $2000 to your loan company. You will still be out your deductible. So I guess the simple asnwer is its based on the balance of the loan. I would check into the current value of the vehicle. go to kelly blue book’s website, kbb or maybe nada.com, and you should be able to get an idea of how much your vehicle is worth with the amount of miles currently on it and its features etc and figure out if its worth you buying the gap insurance.

]]> http://www.autopolicyrates.com/blog/80/gap-insurance/comment-page-1#comment-160 JEANNE C Wed, 29 Jul 2009 01:16:39 +0000 http://www.autopolicyrates.com/blog/80/gap-insurance#comment-160 U krijgt meestal Gap verzekering van de dealer of financiële onderneming die de auto is gefinancierd door. Ik zou contact op met de dealer om te kijken of je kunt het 8 maanden nadat u hebt gekocht de auto. U krijgt meestal Gap verzekering van de dealer of financiële onderneming die de auto is gefinancierd door. Ik zou contact op met de dealer om te kijken of je kunt het 8 maanden nadat u hebt gekocht de auto.

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