If someone steals your car or it's totaled in an accident, carefully follow all of the requirements that your auto insurance company makes does fnb have car insurance. For example, some companies require you to continue making car payments on your totaled vehicle until the money from the GAP insurance is paid out. Of course, not everyone needs gap insurance what is gap insurance on a car loan. But there are some key instances where gap insurance can play a crucial role in your financial well-being:.
GAP payed off the rest of the loan and I was very happy person. My original loan was for 10K and the GAP was $300 for the life of the loan. Ever since then I have ALWAYS purchased GAP. I haven’t used it since my first car but I love knowing that its always there.
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