Quote:
Originally Posted by Skeeterbop
GAP pretty much just covers you if the car is valued at less than what is owed in case of it being totaled. For example if you owe 30k and it gets totaled and is valued at 25k the GAP will cover the 5k difference. At least that is how I understand it. And it isn't a mandatory thing. Just the Comprehensive and Collision is.
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You are correct sir, it works in conjunction with your insurance.
I'm doing my personal side investigation on company policies on financed cars, trying to find some documentation that will give me the upper hand in this fight where i can prove buying non full coverage on that car was impossible.