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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.
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
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.
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