Legal Question in Real Estate Law in Georgia

If I did not have gap insurance, what should I do about getting the difference of the value of car and how much I owe if accident was not my fault?


Asked on 7/26/10, 10:09 am

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

This is not a real estate or real property question. However, to answer, what you owe on the car is not relevant to your damages in an accident. Why should the other party to a wreck somehow be bound by how much you decided to borrow to get the car some years earlier, or your decision to not be properly insured?

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Answered on 7/26/10, 1:16 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Chalk it up to experience. In deciding not to get gap insurance, you simply lose that difference.

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Answered on 7/26/10, 3:14 pm


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