What To Do When Gap Insurance Does Not Cover. Repairs to your vehicle. If you didnt have gap insurance at the time of the accident youd have to pay off the rest of the loan.
Gap insurance is an optional auto insurance coverage that applies if your car is stolen or deemed a total loss. Gap insurance does not cover. Have your credit union representative contact the claims adjuster for your GAP insurance claim.
GAP insurance also covers the cost of any finance payments that are outstanding after your car was declared a total loss.
The value of your car or balance of a loan if your car is. GAP insurance also covers the cost of any finance payments that are outstanding after your car was declared a total loss. There are some alternatives to gap insurance such as loanlease payoff new car replacement. Gap insurance may also help cover your losses if your vehicle has been stolen.
