Can You Get Gap Insurance After Your Car Is Totaled?

Can You Get Gap Insurance After Your Car Is Totaled?

Nearly a year later, your “new car” is totaled out.

You file a collision claim with your insurer and find out that the actual cash value Opens a New Window.

of your vehicle is only $19,200.

This means after your $500 deductible is taken out, your car insurance company will pay out $18,700 to your lienholder.

Can I get gap insurance after an accident?

No, gap insurance will not cover your car if it’s declared a total loss but your claim is denied for coverage or if you did not have primary insurance coverage on the vehicle at the time of the accident.

Photo in the article by “Flickr” https://www.flickr.com/photos/92622665@N08/16063781062