Consider yourself most fortunate. I've seen vehicles with worse damage that were repaired and returned to its owner. Your old van, will be sold to a junk yard for 100-200 bucks with a scrap title. He can never be sold again as a used vehicle. However, that same vehicle will be chopped and parted for individual parts totaling thousands of dollars in parts. But that is the name of the game. You might consider adding a safety feature to your car that prevent that from happening again, or watch where you park. Best Wishes W In a message dated 2/28/2007 10:38:44 A.M. Central Standard Time, [EMAIL PROTECTED] writes:
No - once totaled and paid off by the primary ins company, they (the ins co) now owns the van. The gap insurance is from a 3rd party who will send the lender the difference of what my primary insurer pays and what I owe. Basically, my lender (Credit Union) gets paid in full for the remaining balance due on my old van partly from my primary insurer ( Farmers ) and partly by the Gap Insurer. I'm free and clear. I don't completely understand why the Gap Insurer will send my lender $1,000 just for buying $220 worth of coverage from them again on the new van.... that's a complete mystery to me. I'll let you know when I find out. <BR><BR><BR>**************************************<BR> AOL now offers free email to everyone. Find out more about what's free from AOL at http://www.aol.com.
