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GAP finally paid off

July 14th, 2011 at 02:36 pm

Back in May, my wife was house sitting when a huge storm rolled thru the area. It was at that point that a tree decided it didn't want to stay there anymore and decided to run over my wife's car as it tried to get away. (It didn't get very far the car roof stopped it). It took our insurance about two weeks to decided to total it and pay the amount they were willing to pay the bank. Then the real fun started.

We had GAP insurance. So I had to get in touch with them and let them know what was going on. I also notified the bank about what happened and that GAP was going to pay it. Well after the bank sent the same 17 pages over and over for 3 days, they finally sent the right papers to GAP. I also found out they weren't making notes that I was calling and telling them why I wasn't going to pay. Which would explain why they didn't know what I was talking about when I called.

Anyway, its been two months since the car was totaled and the bank finally posted the GAP check they got. And they were nice enough to backdate the payment to the day of the loss, so all fees and interest was waived back to then. So we are officially rid of all our car payments. It feels good not to have to budget for that each month.

1 Responses to “GAP finally paid off”

  1. Jerry Says:

    One would hope that gap insurance would actually do what it is supposed to do, in a timely fashion, wouldn't one? But then again, when dealing with insurance companies and banks in general, I find that my efforts seldom lead to a timely result. Ugh. Hey, at least it was taken care of at last! Oh, and I like the way you write. Your sense of humor is great... Smile Jerry

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