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Arnold Said:

Who gets the money from the cancelation of the extended warranty, Me or my GAP insurance? ?

We Answered:

You should be able to cancel "extended warranty" at ANY time for ANY reason prior to it expiring and receive a prorated refund based on time or mileage. The refund will usually go towards the loan. And in most cases the GAP company wants to know how much the refund will be so they can provide a refund minus that amount. They don't want to pay more than they have to. You shouldnt be making money off of this. In some cases it slips through though.

Maurice Said:

Has anyone heard of Ownerguard GAP insurance with Regional Acceptance?

We Answered:

GAP does not cover deferred payments plus interest on the deferred payment; late charges; title, taxes, or registration fees rolled into the loan; or any negative equity from a prior loan, rolled into this loan.

You just keep making your scheduled monthly payments, until all the extra is paid off.

Emma Said:

Gap Insurance when buying a house?

We Answered:

homeinsurance.awardspace.us - try this one. Got my home insurance from them. As I know they provide such a service.

Dan Said:

GAP insurance in Colorado?

We Answered:

Either you just asked this yesterday, or you copy pasted someone else's answer.

I have never heard of REAL gap insurance covering a car 12 years old. You are so far upside down on it, I have to assume you rolled negative equity from a prior loan into the car.

Gap doesn't cover negative equity. Plus, your insurance isn't going to pay $2600 for a car that's now worth $1300, since it's been totalled already. And it's not even worth THAT much, unless you repaired all the prior damage.

You'll be lucky to see $500, and gap will probably not pay.

Julia Said:

Question about GAP insurance, and vehicle.?

We Answered:

You would file a claim with the company that insures your vehicle AND the company who sold you the Gap Insurance. Your insurer would pay out the value of the vehicle (assuming it's a total loss) and would take possession of the vehicle (in essence you would be selling the vehicle to the insurer). The check would be issued in your name and the finance company's name. You would sign the check over to the finance company who will apply it to the loan. The gap insurer would then issue a check for the difference between what the auto insurer paid and what the vehicle is worth. Once again you would give this check to the fianance company to settle the loan.

Christy Said:

Will Capital one repossess a car that was totaled out by the insurance company?

We Answered:

they pay capital one/capital still has title and they may forward to ins co/you have to track it down