Gap Insurance On Rented Vehicle in Dallas Texas
Reader’s Question:
Does gap insurance let you rent a car if you have been in an accident, but the vehicle is not totaled? I am from Dallas, TX
Richard
Dallas, TX
No, actually gap insurance does not rent you a vehicle whether your car has been declared a total loss or not. Gap insurance does not include reimbursement for a rental car.
If you have been in an accident in that is your own fault you would have to use your own physical damage coverages such as comprehensive or collision to cover the damages to the car in Texas. To cover the cost of a rental vehicle while your car is being repaired you would need coverages such as rental car reimbursement (RR).
If your vehicle was wrecked by another party and you have put a third party claim through the at-fault party’s insurance provider then you should check if they will reimburse you for the use of a rental car while your car is being fixed.
Auto Insurance in Dallas Texas After Bankruptcy
Reader’s Question:
Can I still obtain auto insurance in Dallas TX if you file bankruptcy?
Gene
Dallas, TX
Yes, it is still possible that an insurance carrier will insure you, even if you have filed bankruptcy in the past.
Insurance providers differ and you will likely have to shop around to check the coverage you need and it is likely your insurance rate will be higher then those without a bankruptcy on their record or those that have a better credit score.
Auto insurance rates are not purely determined based on credit report. There are other factors such as the type of car, where you live, driving record, etc. The goal of acquiring all of this information is to correlate the car insurance rate as closely as possible with the actual cost of potential claims.
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