Q: What can I do if my GAP insurance doesnt want to Cover my Balance after car accident
I recently obtained a car from a dealer in Miami Florida everything worked out and I got a loan approval from chase auto financing. It included GAP as per the dealer Chase wouldn’t provide me a loan without it. So that was on 1/2/23 of the year. I only drove the car for about a month or so and on 2/9/23 I was in a car accident and progressive said the car was totaled due to air bag deployment on both sides.so they settled their end but now the GAP company is saying that the balance on the account after progressive payment is too high and that progressive has made an error with calculating the value of the car. Long story short the balance left on the car is $7208 and the Company Doesn’t want to pay it even though I have a contract. The company is located in NJ named Dealer Protection Loyalty. And I’m in Florida which makes no sense since I don’t see any office or business here with their name yet they are allowed to sell insurance nationally. Ive tried to complain to the state but they
A:
You can file a lawsuit for breach of contract or for declaratory relief against both Progressive and Dealer Protection Loyalty. I'd sue both because the GAP company may be right and Progressive may have undervalued what it should have paid.
When you're talking about only $7,208, they're going to settle pretty quickly once the lawyers get involved. There's just not enough money in dispute for them to screw with it.
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