Does gap insurance cover repairs?

My vehicle was damaged in an accident. I was at fault. Will my gap insurance cover the damage?

Answer
“If your vehicle is damaged in an accident and requires repairs, your gap insurance would not apply.
Gap insurance only covers the difference between what you owe on your loan and the actual cash value of your vehicle after it is marked a total loss. Coverage won’t apply when a vehicle only needs repairs or maintenance.
However, collision insurance will cover the damage if you have it on your car insurance policy. Without it, you have to pay for repairs out of pocket.
Want to add collision coverage to your policy or find new collision coverage? Download the Jerry app to compare rates from dozens of reputable car insurance carriers.”
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Emily Maracle
Answered on Aug 16, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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