An Auto Accident Attorney Explains Gap Insurance for Tampa, FL Drivers

If you’ve been in a crash, your auto accident attorney may ask you if you have gap insurance, and ideally, the answer will be “yes.” That’s because gap insurance can cover financial losses related to your vehicle if it is totaled. Here’s how it works: when you total your vehicle, meaning the insurance company feels it is too damaged to warrant repairs, your insurer will determine how much they think the car was worth before the crash. Often times, this amount can be many thousands less than you still owe on the car because vehicles normally depreciate quicker than they are paid off. Gap insurance covers the “gap” between what you’ve paid off on the car, and what the insurance company will pay you. For instance, if you still owe $15,000 on your car and the insurance company values it at $11,000, the gap insurance would pay you $4,000. Without this insurance, you’ll be left to make up the difference on your own, and there may be little an auto accident attorney can do to help.

However, if you were also injured in the accident a lawyer may be able to obtain compensation for you related to the injuries. At Clark & Martino, P.A., in Tampa, FL, we often represent accident victims and we are able to seek repayment for them that covers:

  • Emergency care
  • Surgery
  • Hospital stays
  • Physical therapy
  • Follow-up care
  • Medication
  • Lost wages
  • More

If you’ve been injured in an accident and you’d like to claim these types of compensation, contact us today. An auto accident attorney will review your case and let you know if we can take it.


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