After an accident, if your car is totaled, your collision insurance will pay you the fair market value of your car. If the amount left on your car loan is higher than the fair market value of your vehicle, gap insurance will make up this difference. GAP insurance pays you the difference between the property damage and the amount left on your loan.
Here’s one of the most immediate questions you’ll have after a car accident: “How will my medical bills get paid?” According to the Kaiser Family
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