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If your vehicle get stolen and the auto insurance pays the blue book value would the gap insurance cover the rest of the payment on your car loan and what is the limit?
Wiki User
∙ 18y ago
When a car is under lien and stolen/wrecked, the first payee is ALWAYS the lienholder. You will receive nothing, and the lienholder gets reimbursed for the value of the car. Any outstanding would be your debt. Most insurers make deals with Lienholders to indemnify and settle up the loan. Not always though. MAKE sure to ask the Insurance company how much was paid to lienholder, and ask for proof too!
Wiki User
∙ 18y ago
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Does homeowners insurance cover a vehicle stolen off your property?
No, That's what Auto Insurance is for.
What type of insurance will cover a stolen vehicle?
Comprehensive insurance covers theft. Liability & Collision do not.
If your auto is hit by a stolen vehicle who will pay for losses like deductibles and other expenses?
You or your insurance company. The owner of the stolen vehicle would not be responsible because their vehicle was stolen and the driver of the stolen vehicle's insurance would not cover it because he was driving a vehicle that was not on his policy and he did not have permission to drive.
Do colleges have insurance to cover stolen vehicles on their campus?
A campus would not be liable if a vehicle is stolen so they do not have coverage for this.
Does homeowners insurance cover stolen uninsured vehicle?
It depends, You do no mention what type of vehicle. Homeowners insurance polices will not cover damage or theft of a motor vehicle designed for use on public roads.
Will any homeowner Insurance policies cover a car that was stolen from the driveway?
No homeowner policy will cover a vehicle that was stolen. Insurance varies from state to state but generally you can buy comprehensive protection only which will cover theft.
Does gap insurance cover a repossession?
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
Does homeowners insurance cover car stereo equipment bein stored in a garage that is not in the vehicle that has been stolen?
Homeowners insurance does not cover automobiles nor there parts.
Will home owners Insurance cover tools in a vehicle that was stolen?
Yes under personal property/contents
Does liability insurance cover a stolen car?
Liability Insurance and the Stolen VehicleNo, Liability Insurance provides coverage for damages or injuries that we cause to others. It does not provide coverage for our own vehicle damages or theft.
Does homeowners insurance cover stolen motorcycles?
Homeowner's insurance WILL NOT cover stolen motorcycles. Motorcycles is an automobile. Sorry!
Does auto insurance cover items stolen from your vehicle?
Many auto insurance policies will cover stolen items from your vehicle but only a very limited amount. For instance, if you have your vehicle broken into and your AM/FM/CD unit is stolen along with your case of 24 CDs, your policy will most likely cover the AM/FM/CD unit and only 1 or 2 of the CDs. Each policy is different. It is best to call the agent who sold you the policy.
