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Q: Guaranteed Automobile Protection GAP ( No Answer,   0 Comments )
Question  
Subject: Guaranteed Automobile Protection GAP
Category: Business and Money > Finance
Asked by: stein-ga
List Price: $50.00
Posted: 18 Aug 2003 13:28 PDT
Expires: 17 Sep 2003 13:28 PDT
Question ID: 246109
GAP is sold by auto dealers and other lenders. It is usually an
insurance product designed to pay the difference between a car's
outstanding loan balance and the actual cash value (ACV) if the car is
totalled (total loss) or stolen and not recovered. Looking for
nationwide statistics or estimates of how may policies are sold each
year and total premiums written; and the average retail price to the
borrower, average wholesale prices from insurance company to the
lender, etc.
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