waqas0011
Sep 27, 2010, 03:01 AM
Dear Concern
I have cleared my lien, and do not have any outstanding loan on my car, therefore I understand that Finance GAP is not of any use to me. However if I buy VRI/ RTI GAP am I correct in my understanding that in case of a Total Loss the insurance company would pay me the difference between current market value of my car and the new replacement value of the car.
Would appreciate your kind guidance.
I have cleared my lien, and do not have any outstanding loan on my car, therefore I understand that Finance GAP is not of any use to me. However if I buy VRI/ RTI GAP am I correct in my understanding that in case of a Total Loss the insurance company would pay me the difference between current market value of my car and the new replacement value of the car.
Would appreciate your kind guidance.