Quote:
Originally Posted by aspiring335
No, that is not how gap insurance works at all -- you should look it up yourself! All BMW leases include gap insurance, and it covers the shortfall between the value of the car as assessed by the insurance company in the event of a total loss and the payout amount of the lease.
It's really not helpful to spread such misleading information. No insurance company would retroactively make your lease payments - you've already had use of the car for that period, so what would they be insuring?
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My Bad. It is called a waiver of depreciation.
My Insurance asked if I wanted WOD on my C63. They said that if it is totaled in the first 3 years, I get the full amount that I paid.
It cost 5% of your premium. Well that is what it cost me.
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E92 335iA, AW on BLK, Al trim, Premium, Nav, 6FL, CA, Sport, PDC, Paddles...
W204 C63, OBS on BLK, Carbon Trim, Premium, Performance, Rev Cam, and stock exhaust...