Q: im looking for gap insurance for my loan I have a 22600 bal due I currantly have gap Im switching insurance company I want to continue covering my loan or if you can refer me to someone who can thank you.
A: That is actually harder done than you would think. Because of the nature of GAP coverage, there are a lot of restrictions on the availability of it. The biggest criteria is that your vehicle has to be under a certain age.
So, if your vehicle is older than a year or two, you are going to be better off staying where you are at if GAP coverage is that important to you.
Also, GAP is never a stand-alone product unless you purchase it through your finance company when you take out your loan. You will need to ask the carrier you are switching to if new GAP coverage is available to you.
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