The bottom line: You will still owe the balance and any interest on your title loan. When the insurance company has declared the car totaled, that means there's no collateral left in the vehicle for your title loan. But, depending on what kind of accident you had, what kind of insurance...
You’ll need full coverage on a financed car. Learn the requirements lenders typically have and how they impact your insurance choices.
When purchasing a new or used car, one of the important considerations is deciding whether or not to opt for gap insurance. Gap insurance, also known as guaranteed asset protection insurance, is a type of coverage that protects you from financial loss if your vehicle is totaled or stolen and...
A few days ago, I caused a car accident. I totaled my car and involved two other vehicles. Also I concussed my brain a bit, whiplashed my neck, swelled up a few bursa’s, and now suffer from seatbelt syndrome. All of this, and the ticket states it was a ‘Minor’ accident. It ...
and Canada totaled $1.495 billion in 2018, down 3% vs. the year ago period, according to a new estimate compiled by ICv2. The decline was driven by a 14% decline in collectible games, which was the only down category of five. Growth rates in the other categories ranged from flat (...
Insurance is an essential part of owning a vehicle. Mandatory by law and helpful in many situations, a driver can’t go on using the car if it’s totaled in an accident, damaged, or otherwise impacted, so it’s unfit to drive unless he has a proper coverage plan in place. ...
“I was only 21 years old when I got married. I was very much in love with my husband,” Smart told “20/20.”“I thought that Gregg and I, that we would have a fulfilling future. That we would have a family and children.” Pamela Smart, who goes by Pame, worked at a local ...
If you are financing a car with no down payment or a small down payment of 10% or less, it is in your interest to buy GAP. It is also in your interest to have the coverage if you have a longer loan term between five and seven years since this is when cars are worth half of th...
The first is the value of your car you stand to claim if your car is totaled.Since you’ll only get paid for damages above your deductible, don’t forget to subtract that from the total value. For example, let’s say I have a $10,000 car and a $1,000 deductible. If my ...
Gap insurance is the type that pays the difference between the lease payoff amount and the regular insurance coverage value when a leased car is totaled. Some lease contracts automatically include gap coverage, so check your lease paperwork if your car is wrecked to determine if the leasing compa...