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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 ...
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.
A car is totaled if the repair cost is more than the vehicle is worth, it’s damaged beyond repair or stolen and not recovered. You can only get an insurance claim payout if you carry full ...
Better car replacement coverage is exactly how it sounds: You get money for a "newer" or "better" model of your car. This insurance also has mileage requirements and is only available to those who ...
New car replacement: If your car is only a few years old and you have full coverage, you may qualify for this coverage. With new car replacement, if your car is totaled, you get the value to ...
If your car is broken into, comprehensive coverage — part of a full coverage policy — typically covers the damage from theft or vandalism. This includes things like shattered windows, damaged ...
The first two numbers mean that your insurance helps pay up to $25,000 in bodily injury per person and $50,000 in total bodily injury per accident to cover medical costs for others involved in an ...
Gap insurance covers the difference between what your collision or comprehensive coverage pays and what you still owe on your car if it is totaled. Your primary insurance will pay the actual cash ...
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