GAP insurance question

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Astro - 21 Apr 2005 18:38 GMT

Yesterday I bought a used Chevy Silverado from a dealer. It was late
evening by the time we signed all the papers, and the bus. manager told me
he couldn't add GAP insurance to my invoice at that time. I think I want
to add this, but am not sure if I need to buy it at the dealer, or if I
can get it through my insurance company or somewhere else(my insurance
company told me they have a similiar "loan-lease" policy, but I don't
think it covers 150%, the way the dealer told me their GAP does).
Could someone shed some light on this issue for me?

thanks for any advice!

Astro
TX

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Here and Kickin' - 28 Apr 2005 06:35 GMT

> Yesterday I bought a used Chevy Silverado from a dealer.
> [T]he bus. manager told me
[quoted text clipped - 4 lines]
> think it covers 150%, the way the dealer told me their GAP does).
> Could someone shed some light on this issue for me?

1) You can get the insurance anywhere. For the last two (new) cars I
bought, I bought the coverage from my regular insurance ($50/year).

2) Watch those payout guarantees. 150% of what, especially on a used
vehicle? Ask for some in-writing, complete details about the coverage
before buying.

-d

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