Gap insurance and total replacement coverage
We are picking up a new TT in a few days and the dealer asked if I wanted gap insurance. I said no the last time and I'm tempted to say no this time too because my DW typically pays more on out month...
Forum Discussion
Hmmm ... I guess there's something I'm missing.
As I understood it, my Progressive full purchase price replacement coverage would pay me, if totaled, what I paid for the RV originally regardlless of it's depreciation over the years.
Wow ... considering how much RVs depreciate ... wouldn't getting full purchase price back years later way more than cover anything left on the original loan amount regardless of how many incidentals were tacked unto the original loan? :h
As I understood it, my Progressive full purchase price replacement coverage would pay me, if totaled, what I paid for the RV originally regardlless of it's depreciation over the years.
Wow ... considering how much RVs depreciate ... wouldn't getting full purchase price back years later way more than cover anything left on the original loan amount regardless of how many incidentals were tacked unto the original loan? :h
