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Glenda Said:

If an insurance company denies your claim for an automobile accident how can you open a new claim?

We Answered:

The other insurance is only responsible for the actual cash value of the vehicle, not your loan balance. If there is GAP insurance it should cover the difference b/w the ACV and the loan less late payments/fees.

The cop is right...you failed to yield. Just b/c you get a green arrow doesn't give you the option to just go enter an intersection w/o yielding to other cars that may already be in the intersection. You have to look first prior to entering, and even if it's clear, you still have a duty to maintain a proper lookout & take reasonable & prudent steps to avoid an accident, like honk, stop, etc. If I recall my Texas law correctly, it is a modified negligence state, which means if you are found 51% or more at fault for an accident you can not recover. If you're under the 51% threshold, you recover up to your negligent free percentage. Your failure to yield may reduce your overall settlement, both for your property damage and your injury claim.

If you have insurance go through your own insurance company...that's why you have it. Let the carriers hash it out b/w each other.

Arlene Said:

wanted name of insurance company who has prescription gap insurance policies.?

We Answered:

Bankers Life Agents can sell Advantra RX prescription gap policies to folks. You don't have to have any other business with them. They will just walk you through it and get you signed up. Most of the pharmacies in the area can sign you up also. I'll get you the number of a Bankers Agent in your area if you want someone else to take care of it for you.

Melanie Said:

how would you get your gap insurance from a company that continues putting you off.?

We Answered:

Are you talking about receiving a POLICY, or receiving payment on a CLAIM?

I'd strongly suspect that what you got, was from the lender or dealer, and isn't true "insurance". But if it is, you call the state insurance department.

Just that initial time frame, tells me you're NOT dealing with an insurance company here.

Tracy Said:

Gap insurance company?

We Answered:

Well, you should shop around for a new car insurance company, with a local, independent agent. MOST companies DO offer gap coverage.

But not all companies sell insurance in all states, so a LOCAL AGENT will be able to point you in the right direction.

Jamie Said:

How does insurance company pay out for GAP?

We Answered:

Assuming that the credit union is a lienholder on your policy, the insurance company would cut a check payable jointly to you, and the credit union, for the actual cash value of your check, PLUS the gap, minus your deductible.

You sign the check, and turn it over to the lienholder, and cut a check yourself for the deductible, to pay off the loan.

Keep in mind, gap doesn't cover any late fees, or negative equity that was rolled into the loan - but seeing as how you're with a credit union, you probably don't have that situation anyway.