Could my gap insurance claim be rejected, and if so, why?

I have loan/lease coverage and gap insurance on my car. My insurance company is denying my loan/lease coverage claim. I'm worried that my gap insurance claim with another company will also be denied. Is there a reason why it could be? I still owe $2,000 on my loan.

Answer provided by
avatar
Emily Maracle
Answered on May 03, 2021
“There are many different reasons why your loan/lease coverage and gap insurance claims could be denied. You should reach out to your insurance company to find out the exact reasons why your loan/lease coverage claim was denied.
Depending on what they say, you can look into the terms and conditions of your gap insurance. Every insurance carrier and policy has different stipulations. While your car insurance company may deny a claim, your gap insurance company could still approve one.
You should reach out to whoever is providing your gap insurance to confirm what it is covered and if your claim will be approved. “
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies