I am financing a 3 tear old vehicle which I've owned for two years. Just last Wednesday, I was involved in an accident where the other driver was 100% at fault, and issued a citation by the police. I currently do not have gap insurance. My question is, can I purchase gap insurance after the fact to protect myself if my car is declared a total loss. Thank you for your answers. Really stressful time for me.
Gap insurance guidelines
- Thread starter Talus
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Caveat: Not an insurance agent.
I don't know much about insurance but I think the general idea is that you buy it to give you the possibility of some financial recovery against an uncertain future loss.
AFTER THE FACT are the key words in your question above. I don't think insurance companies insure known past events.
I don't know much about insurance but I think the general idea is that you buy it to give you the possibility of some financial recovery against an uncertain future loss.
AFTER THE FACT are the key words in your question above. I don't think insurance companies insure known past events.
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I spent 35 years in the P&C business (agent, underwriter, claims) and I can guarantee that no insurance company will write you a GAP policy after a wreck.
No way in hell you will get a gap plan
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I can't think of any insurer adding gap coverage for a 3 year old vehicle. the finance company or dealership might have an expensive option at time of sale but not 2 years after the fact
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