Re: Gap Insurance[ Edited ]
10-10-2012 10:44 AM - edited 10-10-2012 10:46 AM
I'm not sure I agree with Startingover10. I understand from my auto insurance company (USAA) that they can write Gap insurance in a very small number of states, and not in mine. Online search for gap insurance finds lots of auto insurers but no pure GAP policies. I think on my last loan NFCU charged $300 for gap, Ford just charged me $500. I have an exposure of about $8K if my new car were totaled today, that is protected by GAP insurance. I'm a believer because I did have an uninsured loss some years ago when a new car (less than a month old) was stolen and burned. Fortunately I was "only" out $3,300.00.
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 4/2/2011 EQ 682 1/14/2011 TU 665
Current Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Goal Score: EQ 700 TU 700
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