Comprehensive Auto Insurance St. Louis, Missouri MO

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Reader’s Question:

I would like to know if my GAP insurance will be applied if my car is stolen? I live in St. Louis, Missouri.

Alfred

St. Louis, MO

Yes, if your physical damage of comprehensive coverage pays out ACV for your stolen automobile then your gap insurance should be in effect to pay the balance of your loan after the actual cash value is paid to your lien holder.

If you did not have comprehensive coverage on the car in St. Louis, Missouri and therefore do not have primary automobile insurance coverage to pay out the actual cash value then normally your gap insurance would not be used.

If for example your automobile was stolen and was later recovered and is going to be fixed by your insurer instead of being found to be a total loss than gap insurance would not pay put either.

You should make a car insurance claim under your comprehensive insurance provider and your gap insurance carrier if your automobile has been stolen and not recovered.

Tags: auto insurance, comprehensive insurance coverage, gap insurance