What is ‘Gap’ insurance and do you need it?
here's his don't waste your money report. If you're car was totaled how much would your insurance Many drivers during the answer is. e e e e right and his co-writer Spencer kid shows me the place of work on where he says his car was stolen from a downtown parking spot. It was found 2 days later still in the he still owed money a lot of money on the loan how much he still on the car. Close to 20 K. 20,000. Yes, but his insurance company won't cover the entire loan amount their final playoff 32 K based value of the vehicle that means he still owes over $6,000 because his car wasn't value to the amount he owed on his lone and he didn't have gap insurance guaranteed asset protection.
The gap insurance is very popular with today's longer loans because it protects you in case your car is totaled and you still owe a lot of money on otherwise you might have to write your lending bank a check. >> After the cars wrecked. Say you bought your car for $20,000 for insurance values it just 15,000. >> If you wreck it you still have to pay so gap insurance covers that it costs on average a 100 to $150 a year. But you may need it for only 2 or 3 years with no car Spencer says he had to quit his job and now can't afford a new one buy a new car not. I lost my so check with your insurance company to find out how much coverage .
