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If you have gap insurance through both the car company and insurance company will you the insured be entitled to one of the payments to purchase a new car? |
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Answer
doubt it, gap insurance (usually sold by the car dealer or lein holder) covers just that the 'gap' between the acv (actual cash value-which is what the insurance company less your deductible if there is one, for your total loss vehicle) and pay off of your loan
First answer by Mama lori. Last edit by Mama lori. Contributor trust: 295 [recommend contributor]. Question popularity: 28 [recommend question]
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