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For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
It also covers you as a passenger in someone else’s vehicle. If you include PIP coverage on your car insurance, it may cover: Medical costs. Lost wages. Funeral expenses. Childcare. Household ...
If the car insurance claim payment came from your insurance company, you might receive a check written out to you and the approved body shop. Auto insurers tend to issue two-party checks to reduce ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
Collision coverage (COLL): Collision insurance covers vehicle damage for at-fault accidents with other vehicles or stationary objects, such as a tree or light pole, rollover accidents and even ...
Dig deeper: 7 surprising situations your standard car insurance won't cover ... Make sure to check with your previous state’s DMV what you need to do with your old license plates. Florida, New ...
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