Very important wuestion ONLY TRUE ANSWERES PLEASE!?

my father bout a new 2009 toyota camry its red and my mother had a accident like 3 hours ago and we have GAP insurance and we havent reported anyhting the girls excuse was she had bad breaks but my mother doesnt talk fluent english and my ddad is cussing at herabout food that she’s stupid and he parents(they are dead) wat are possibilities and how much do we have to pay for the accident…my mother is crying alllllot…HELP and any other detainls.

a) GAP insurance covers the DIFFERENCE between what the vehicle is worth (i.e. what the insurance pays to have the vehicle repaired) and what is owed on “your: automobile loan. Nothing more. COLLISION / COMPREHENSIVE insurance must be carried by you which covers bulk of the loss as GAP only pays the “difference” between what is deemed the “covered” loss and the existing loan to be paid off.

b) Whether the “girl” who hit your automobile had faulty brakes or not, changes nothing. Assuming the girl is at-fault and you live in an “at-fault” state, then why or how the accident came to be is rather irrelevant (i.e ice on the road, faulty brakes, not paying attention… it does not really matter). If the girl is deemed at fault (and you live in an at-fault state), then her insurance will be paying for your car's repair, that’s, your insurance may pay up front to you, but your insurance will collect from her insurance–again, details that really don't relate to your question.

c) The matter of reporting it or not reporting really comes down to 2 things: 1) What are the legal stipulations to report it (according to the say you live in), and this usually is driven by the damage in question. Typically if the damage is $200 it might not need to be reported. If the damage is exessive, you must nearly always report it, and if you don't, your insurance is apt to ask you why you didn't report it. And 2) why not report it? Usually people don't want to report an minor accident and like to just pay out of pocket so their insurance rates are not increased and their driving record can stay “clean and free” of accidents. But again, if the damage is massive, you really need to report it as you (nor her) are prone to come up with a large amount of cash to cover the damage to your automobile. Plus, big damage accidents can be considered (in some states) a crime for failure to report. I think in the say of Idaho, for example, any damage over $2,000 is a must report event. And failure to do so, is considered a crime–not an infraction, which carries more weight, albeit, only a misdameanor crime.

c) Finally, GAP insurance general speaking, comes into play when the automobile is TOTALED. Totaled means there is more damage to the vehicle than what the car is worth. So instead of paying you, state, $10,000 (which might be your loan payoff amount), they only pay you $8,000 cuz that is what the vehicle is worth–though the damage to the automobile to repair it could be as high as $14,000. So GAP will pay what the insurance didn't pay, which in this example, would be $2,000 (the difference between what the insurance paid [$8,000] and what the loan note needs to be paid off [$2,000]. GAP will pay $2,000 and not to you, but to your lender to which is carrying your loan.

Hope this helps.

Help Desk

they have the ability to check to see if her breaks really were bad or if she was just lying to try and get out of it.

as for the costs, she might have to pay for some of the damages done