grayspeckledgoose wrote:
kitty walker wrote:
They will write a check to the title holder of the car. Then if there is anything left over the loan company will write a check to YOU. So you have the potential to get screwed.
That sounds like a major screw job!!

yup that's why companies sell an ADDITIONAL policy called Gap Insurance, that will cover the difference between the ACV (actual cash value) of the vehicle and what you still owe on your loan