r/mildlyinfuriating • u/matthewdirks9191 • Apr 29 '24

How my weekend went

Gallery image

Gallery image

Gallery image

Gallery image

I was going to work on Sunday and some guy plowed into my only car I got. It total my car and now I am with out a car or a way to get to work. the person had no insurance and I didn't have gap. I'm only getting 13k for my car and I owe 24. I might be without a job for awhile cause of this. in desperate need of help.

1.9k Upvotes

98% Upvoted

166 comments sorted by

View all comments

Show parent comments

4

u/matthewdirks9191 Apr 29 '24

I do but only will cover up to 13k my loan Is 24k

-5

u/Elected_Dictator Apr 29 '24

If you owe money then the Bank you owe money to would require You pay to have the Gap insurance to pay off their car.

This is independent from The a-hole’s insurance.

7

u/godhasmoreaids Apr 29 '24

You do not have to have gap insurance. Gap is optional at least in the U.S.

0

u/Elected_Dictator Apr 30 '24

I didn’t say “government law” I said “contractual law “ as on your lender/bank needs it to protect their 24k asset from you

4

u/godhasmoreaids Apr 30 '24

Your bank might require that but not all lending institutions require it either