Question

 Will GAP insurance cover the full amount of a vehicle if the insurance coverage on a vehicle has lapsed and it is totaled?

Answer GAP NO.  GAP covers the GAP left (if any) of what someone owes and the current market value of the vehicle should the loan balance exceed market value.  In other words, you owe $16,000 on a vehic... Read More »
http://wiki.answers.com/Q/Will_GAP_insurance_cover_the_full_amount_of_a_vehicle_if_the_...

Top Q&A For: Will GAP insurance cover the full amount of a v...

In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?

Answer Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
http://wiki.answers.com/Q/In_the_state_of_Texas_can_the_lender_repo_your_vehicle_if_you...

What will happen to your current insurance policy if you transfer from a newer vehicle with full coverage to an older vehicle with basic coverage?

The cost of the monthly permiums should go DOWN, as the cost of replacement of the car, or repairs to it will be less expensive.Check with the insurance agent.
http://wiki.answers.com/Q/What_will_happen_to_your_current_insurance_policy_if_you_tran...

If the car has full coverage and someone else is driving the vehicle will the insurance still cover both vehicles?

Answer Your question isn't clear as to whether you're talking about two separate vehicles, or just the coverage on one vehicle.A good rule of thumb about car insurance is that the insurance follows... Read More »
http://wiki.answers.com/Q/If_the_car_has_full_coverage_and_someone_else_is_driving_the_...

What do you do when the at-fault vehicle's insurance will not pay you for your totaled vehicle because the insurance company has already paid for other vehicles damaged in an accident?

Based on your question, I'm guessing that their policyholder simply didn't have enough coverage to pay for all the damage to all the vehicles involved. I would have to know a little bit more about ... Read More »
http://wiki.answers.com/Q/What_do_you_do_when_the_at-fault_vehicle%27s_insurance_will_n...


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