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Gap insurance only paid half of the loan?

by Judy
(Avondale,Arizona USA)

Had my truck stolen and my insurance payed their portion,Gap was suppose to cover the remaining $5.000,they ended up paying only half because I had a death in the family and the auto finance company gave me 2 month deferment/extension,does Gap has to cover that?


Hello Judy,

Um? Gap insurance covers the portion of the loan not paid by the total loss settlement. Gap covers the entire amount, not half - at least, we never seen a policy do that.

Also, we see no relevance regarding the death of a family member and the policy provision.

Talk to the GAP carrier and see what they say, if they are giving you the run around, please contact a lawyer.

Good Luck,
Auto Insurance Claim Advice

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