Gap insurance pays the difference between what your car is worth and how much you still owe on it when it’s totaled or stolen. Because new cars generally lose value faster than most people pay down a car loan, this coverage supplements a comprehensive or collision insurance payout, which ...
Car Insurance Steven Glass Insurance Editor Steve Glass is a retired insurance professional with over 34 years of experience in the Property & Casualty insurance industry. Over the course of his career he led teams that handled Homeowners and Commercial property and casualty claims, Auto Medical ...
In fact, it is a debt incurred through no fault of your own (unless you were at fault for the accident). But sometimes these car loan deficiencies can make a barely manageable situation with high credit card balances, unmanageable. What You Can Do If a car repo (or insurance) deficien...
Most car accidents are minor and the resultant damage can be easily fixed. With the help of your insurance provider, you can get your car road-ready again in no time. Occasionally, though, the damage from an accident is so severe that you...