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Insurance Agent question

 
Old 01-02-2008, 09:22 PM
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Default Insurance Agent question

my GF and I (2004 Jetta) were hit and run by a kid (97 prelude). we chased him down and cops came and filed a report. my question is, what is the monetary compensation called that you can get (supposedly a insurance secret) when you newer car is hit and it loses value? her car is in great condition, first collision it has been in, and low miles, and all records from service by the dealer. any helpful information is greatly appreciated. she may sell car after paid off.
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Old 01-02-2008, 09:37 PM
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Default Re: Insurance Agent question (gospeedgo1)

GAP insurance, i think thats it, you sign up for it when you get the loan
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Old 01-03-2008, 06:24 AM
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Default Re: Insurance Agent question (easye88)

no, we have that. it has to do with depreciated value to to vehicle being in an accident. i cant remember what it is called though.
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Old 01-03-2008, 06:27 AM
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Default Re: Insurance Agent question (gospeedgo1)

Is your car totalled?
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Old 01-03-2008, 06:55 AM
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Default Re: Insurance Agent question (gospeedgo1)

I think it's "loss of value" coverage. But you're not going to get it on an '04 Jetta. It mainly comes in to play when your three-week-old shiny car gets creamed.
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