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In Reply to: gap ins on cars posted by kathy kelley on August 13, 2003 at 21:47:52: You're not purchasing auto insurance to protect the value of your auto loan. Yes, that is what stop gap is for. If that's your biggest worry, go buy it. You purchase auto insurance to protect yourself from loss. Say you hit a top of the line brand new Mercedes and cause major bodily injury to all four occupants and total your car. Paying off your car loan is going to be the least of your worries. You could be staring $100,000 or more worth of damage and bodily injury full in the face. If your auto insurance limit is $30,000 lets hope you don't have a home or bank account they can come after for the difference. "FULL" coverage is a relative thing. Auto insurance was never designed, and is not intended to pay off your loan. : someone should tell you full coverage in not full coverage if you still have to buy gap ins. to get your loan paid off. when your ask for full coverage that is what i expect!
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