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Natural disasters like floods and hurricanes can be devastating and can leave behind a trail of destruction. One of the significant losses that people face due to floods is damage to their cars. Even after repairs, these cars may never be the same or may even become impossible to sell. However, gap insurance is one coverage that could potentially help you protect your vehicle in case of ...
2 kwi 2024 · If you have comprehensive car insurance, your car’s flood damage is covered. Here's how it works and what you can expect to pay for comprehensive coverage.
2 sie 2024 · Gap insurance is an optional type of car insurance that covers the difference between a car's actual cash value and the balance left on the loan or lease.
5 sty 2024 · Gap insurance is optional car insurance coverage that helps bridge the financial gap for drivers whose car loan balance is more than what their vehicle is worth if it’s totaled. How Does...
10 paź 2024 · Gap insurance covers the difference, or gap, between what you owe on an auto loan and your insurance reimbursement when your car is totaled or stolen. Gap coverage protects you financially and is useful for auto loan borrowers who have recently financed a vehicle.
1 sie 2021 · Floods are no different than any other insurance; your car insurance company will pay you only the car’s actual cash value. If you owe more than the vehicle is worth, gap coverage would cover the difference, if you have it.
You want to protect your new (or new to you) car from all kinds of damage it could sustain. But how much damage could floods inflict on your car? And would car flood insurance cover that damage?
