Expert Advice for Gap Insurance

All Questions on Gap Insurance

Will gap insurance pay me or my credit lender?
My car was totaled when I still had $13k left on the loan. The insurance company paid me $26K in total for the car, but I don’t know if that includes what I still owe. Do I need to pay off my loan with the money from my insurance payout? Or will my gap insurance pay the $13k that's left on my loan?
Joshua Levy
Dec 13, 2021
How do I get out of my underwater car loan?
I’m a new car owner and my boyfriend told me I’m underwater on my car loan. How do I get out of this?
Matthew Macgugan
Dec 08, 2021
Will I get my down payment back on a not-at-fault total loss?
I recently got into a car accident, and luckily, everyone is safe, but my truck is totaled. I just bought my brand new 2022 GMC 1500 Sierra six days before the accident (there’s not even 800 miles on it). I am concerned that I will lose my $10k down payment. I have gap insurance, but it only covers what I owe.
Jack Walsh
Dec 07, 2021
How can I remove gap insurance from my car loan after I break even on the loan?
I took a look at my car loan statement, and I noticed that I've finally broken even on the loan. Because of this, I no longer need gap insurance. How do I get rid of it?
Eric Schad
Nov 18, 2021
How do I get gap insurance for my car?
I just bought a new car. Initially, I thought gap insurance was unnecessary, but after nearly being side swiped the day I drove it home, I began to regret my decision. How can I add gap insurance to my auto policy?
Lauren Smith
Nov 15, 2021
How will I know if my car has gap insurance?
I’ve paid off my car, I’m trying to make sure I’m saving money where I can. I don’t think I need gap insurance anymore. How can I check if I still have it?
Lauren Smith
Nov 11, 2021
What is gap insurance on a car loan?
I was looking over my terms and conditions for my new car loan and my lender mentioned gap insurance. I'm not sure what that is, but they recommended I get it. How does gap insurance work?
Emily Maracle
Oct 26, 2021
How do I cancel gap insurance on my car?
I originally got gap insurance because of my loan terms. I've paid enough on my loan to no longer need it. How do I cancel it?
Emily Maracle
Oct 25, 2021
How do I know if I have gap insurance?
How can I find out if I have gap insurance? My car was totaled in an accident, and I am upside-down on the loan. I remember talking about buying gap insurance at the dealership, but I can't remember if I did. Is there any way I can check?
Shannon Martin
Oct 22, 2021
How do I drop gap insurance from a car loan?
I purchased gap insurance on my car loan three years ago. I don't think I need it anymore. How do I drop it from my loan?
Emily Maracle
Oct 22, 2021
What happens when a car is totaled and it still has a loan?
My claims adjuster notified me that my car is totaled—now what? I still have a loan left on my car.
Shannon Martin
Oct 21, 2021
How do I take gap insurance off my car?
I purchased gap insurance when I first got my car. Now that I've paid down my loan, I don't think I need it. How do I take it off my car?
Emily Maracle
Oct 18, 2021
Can I get gap insurance if I already bought a car?
Is it too late for me to add gap coverage to my new car? I bought it a couple of months ago and at the time I didn't think it was necessary. However, I have done some research since then, and I wish I hadn't declined the extra coverage.
Shannon Martin
Oct 14, 2021
How do I get a refund on car insurance?
I paid off my car loan, but I had additional coverage on my car insurance because my lender required it. Can I get a refund on my insurance?
Lauren Smith
Oct 13, 2021
How do you get gap insurance on a used car?
Is there an easy way to get gap insurance for a used car? I'm buying a car soon, and I’m a bit confused about whether or not I need gap insurance and how to get it.
Liz Jenson
Oct 12, 2021
How can you get gap insurance after you purchase a car?
I privately purchased a car and didn't realize gap insurance was a thing until recently. Is it possible to get gap insurance now?
Lauren Smith
Oct 12, 2021
How do I remove GAP insurance from a car loan?
I've reached the break-even point on my car loan where my balance is lower than the actual cash value of the car—which is great! This also means that I'm ready to get rid of my GAP insurance since, well, there's no gap anymore. This is my first time with a loan, though, so I'm not really sure what to do. How do I remove GAP insurance?
Eric Schad
Oct 12, 2021
How do you find out if your car has gap insurance?
What’s the best way to find out if I have gap insurance? I'm currently upside down on my car loan. I remember my dealership talking about gap insurance but I don't know if I have it on my car.
Emily Maracle
Oct 07, 2021
How do I know if my car has GAP insurance?
I've read that getting in an accident without GAP insurance is playing with fire. I'm lucky, and haven't gotten into any accidents yet, but I want to be as careful as I can. However, my older sibling initially took care of all my insurance paperwork, so I'm not sure exactly what coverage I have. How do I know if my car has GAP insurance?
Eric Schad
Oct 07, 2021
Will gap insurance cover me if I refinance my vehicle?
My new car was financed with the dealership for two years and was covered with gap insurance. I recently refinance it through my own credit union and eight days later my son got in an accident and totaled the car (thank God he's alright!). After insurance paid out, I still owe $4,000. I tried to file a claim with my gap insurance but got denied. Why?
Emily Maracle
Sep 30, 2021
How do you check if your car has gap insurance?
I'm in the process of buying a car and I can't figure out if I have gap insurance or not. Where can I look to find out?
Liz Jenson
Sep 24, 2021
How long do I have to insure a used car?
Can you drive a used car off the lot without insurance? I know you can’t do that with a new car, but what about a used one? My friend is buying a car and wants to know what to do first.
Hana Sabah
Sep 23, 2021
How long do you have to insure a new car?
How soon do I have to insure my new car? I’m hoping there’s some sort of grace period but am not sure.
Hana Sabah
Sep 23, 2021
Does gap insurance cover repairs?
My vehicle was damaged in an accident. I was at fault. Will my gap insurance cover the damage?
Emily Maracle
Aug 16, 2021
Does Travelers have gap insurance?
I'm currently insured with Travelers and I'm getting a brand new 2021 Hyundai Elantra. I want to stay insured with them, but I need gap insurance. Do they offer it?
Emily Maracle
Aug 16, 2021
Why does my loan contract have a gap addendum listed on it?
I'm about to purchase a new car and noticed that my finance agreement has a gap addendum listed on it. What does that mean?
Emily Maracle
Aug 16, 2021
Why do I need a gap waiver?
I'm getting a new 2021 Ford Bronco. The dealership is offering me a gap waiver. The salesman said it's important to have on a new car, but why?
Emily Maracle
Aug 16, 2021
When does gap insurance expire?
I added gap insurance to my loan when I first purchased my car. I've paid down my loan enough that my car is now worth more than my balance. Will my gap insurance automatically expire or do I need to cancel it?
Emily Maracle
Aug 16, 2021
Does Nevada require gap insurance?
I'm buying my first car and my lender is offering gap insurance. Is it required on my car like car insurance is?
Emily Maracle
Aug 16, 2021
Where can I get gap insurance?
I'd like to get gap insurance, but I don't know who or where to get it from. Is there a specific company I have to buy from? What are my options?
Emily Maracle
Aug 16, 2021

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