So I’ve searched and can’t find anything about GAP Insurance for a car with a loan.
My current insurance only insures my car for ¥1.4m but my loan is for ¥2.3m (extras, warranty etc)
So what happens if I’m in an accident and my car is totaled? I have saison if that matters.
I’m sure the insurance would pay the ¥1.4m but I can’t really buy a new car if I still have ¥900k left on the loan.
Is there a different wording for gap insurance in Japan that covers the loan as well?
by [deleted]