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For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
For example, if you owe $20,000 on your car but it's only worth $16,000, gap insurance covers the $4,000 difference should your car become totaled or stolen. Does my car insurance policy cover ...
Collision coverage pays for the damage to your car caused by hitting another vehicle or object, regardless of fault. A deductible will apply to this coverage based on the amount you select ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
Insurance companies may do this because it's not always possible to determine how badly a car is damaged — and how expensive the fix will be — before the repairs begin.
Car insurance can cover parking lot damage in many scenarios. However, which coverage type applies will depend on the scenario. If you’re hit in a parking lot and the at-fault driver stays, your ...
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