Gap insurance is a car insurance endorsement that covers the “gap” between the amount owed on a vehicle and its actual cash value (ACV) in the event the vehicle is totaled, stolen or rendered a total loss after a covered incident. Although gap insurance is an option in most cases, if...
Do I have gap insurance? For lease customers: Gap Insurance isn’t always necessary to be procured on leases. Some finance companies, including NMAC, include this coverage in the base contract terms. To find out more about the Gap Waiver, please contact our Insurance Department at 1-800-777...
A dealer may automatically include gap insurance if you lease your car, so make sure to check your lease agreement. If you already bought gap insurance from your dealer and want to buy it from your insurer, you may be able to remove it from your car loan contract. Make sure you have c...
for medical expenses, lost wages, and other expenses resulting from injuries sustained in a car accident, regardless of who is at fault. This coverage is sometimes required in no-fault insurance states and helps ensure that you receive the necessary medical care without significant financial strain...
While these are the most basic car insurance policy coverage types, many other options exist. Some of these include gap insurance, rental reimbursement, accident forgiveness, emergency roadside assistance, mechanical breakdown insurance and new car replacement. Some of these coverage types are not avail...
Gap insurance, also known as guaranteed asset protection insurance, covers the difference, or “gap,” between what you owe on your loan and the actual cash value of your car in the event of a total loss. In other words, it helps bridge the gap between your car’s current value and th...
If your insurer doesn’t cover the full value of your car, and you’ve got guaranteed value car insurance, or a gap insurance policy, you can use this to recover the difference between the settlement figure you’re offered and either the initial agreed value or the outstanding finance on ...
so you may be better off looking around. Check with your own insurance agent for a quote. You can shop online for gap insurance as well. Your car dealer might make it sound as though it is mandatory to buy gap insurance through them, but this is not the case. While it is definitely...
Once we have the necessary data, we can proceed to the next stage by scheduling visits to these preserved old houses. This will allow us to observe and document their current condition, taking note of any required restoration or maintenance efforts. I highly value your opinion and expertise in...
Gap insurance is an optional type of car insurance that covers the difference between a car's actual cash value and the balance left on the loan or lease. In case of a total loss, gap insurance covers the "gap" between the amount reimbursed by the driver's car insurance policy and the ...