I just learned about it about 2 months ago. Where can i go and get it? I am upside down in my car payments
2007-02-14 05:40:18 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
You can, but the contract maximum value will be set at today's value, not the value when you bought it. It will still be worthwhile, but the price you pay will still be the same. There are also only a very few insurance companies that will issue a gap policy for a used vehicle.
http://www.gap-insurance.com/GAPFAQ.htm
2007-02-14 14:13:26 · answer #1 · answered by Fred C 7 · 0⤊ 0⤋
Gap insurance is usually for a new car after you purchase it as the loss differential is greatest in the first year. If you're having issues with paying your car then purchasing more insurance won't help. Check with your local bank/credit union as some offer Gap insurance to their customers. Some will offer Gap insurance like your case where the car is a little older.
2007-02-14 05:48:56 · answer #2 · answered by tamman 2 · 0⤊ 1⤋
Some insurance companies will allow you to get gap insurance up to a year after the purchase of a new car. Check with your agent to see if the company that your with will do this for you.
I know Allstate will.
2007-02-14 07:06:18 · answer #3 · answered by Nate W 5 · 0⤊ 1⤋
Gap insurance works on new and used vehicles....You have to buy it at time of vehicle purchase. Im sure your dealer offered it to you but you declined it st the time
2007-02-14 06:45:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Of course you can, Mari!
Just make sure the car doesn't get STOLEN right after you buy it! If it does, it will look very suspicious! LOL
.
2007-02-14 07:19:18 · answer #5 · answered by rob1963man 5 · 0⤊ 1⤋