Why You May Need Gap Insurance
October 2006 (Medialink) – People carry auto insurance, in part, to protect themselves if their car is stolen or if it’s damaged or destroyed in an accident. But, sometimes basic insurance coverage isn’t enough and you may need something called “gap insurance.” Auto insurance covers you for the actual cash value of your car – not how much money you actually owe the bank that loaned you the money to buy it. What that means is that you may find that the money your insurance company pays you on …
Tagged with: accidents, Auto, Coverage, Debt, InsuranceShare this:
Read also:
- Health Insurance Company Denies Coverage
- AARP's John Rother: What happens if you lose coverage?
- How to get the best insurance quote for your exact situation
- Auto Insurance
- Speaker, Advocates Commentary on Bill Providing Insurance Coverage of Autism Treatments (A-2238)
- Life Insurance - Cool Cartoon