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Does GAP auto insurance cover negative equity because of a vehicle i traded in to purchase another vehicle?

I understand that GAP insurance covers the gap between what i paid, and the actual value of the vehicle several months later if it is a total loss in an accident. It covers the natural depreciation of what the car is actually worth and what the insurance company will pay. I am curious if it also covers the negative equity due to not getting what i owe on my trade-in. The dealership is giving me $1,500 less than i owe on my trade-in, and rolled that negative equity into my new loan. I can understand that gap insurance will pay the difference if i buy a car for 20K, and 3 months later it is totalled. Obviously the insurance company will pay what the market value of the car is, and not what the loan is since the car loses value as soon as you drive it off the lot. Why would they pay the negative equity also that was rolled into the loan? Or do they?

Does every Minnesota license holder have to have auto insurance, even if they don't have a registered vehicle?

If someone has a drivers license, but the don't own their own vehicle, do they have to have auto insurance in their name?
I just want to know if every licensed driver has to have auto insurance whether or not they even drive!! Seriously!!

Is there any type of homeowners insurance that will pay for the maintenance?

A friend was telling me that if you are buying a home and have homeowners insurance and you have maintenance problems (roof needs repairing or replacing, water heater goes out, etc) that the insurance will pay for this. He also said that if you needed smaller repairs (plumbing, etc) that would be the homeowners responsibility. I thought anything that went wrong with the home , if you were buying, would be your responsibility.

thank you,
sherry

on a homeowners insurance policy, is their any comverage if you fall in your own home?

My daughter was recently in the hospital. Am I responsible for paying what my insurance refuses to pay?

The bill was for $45,000.00. My insurance company paid approximately $43,000.00. Then the hospital sent me a bill for the difference. Isn't there some kind of law stating that they can't do that??

I am located in NYC, if that matters.

Thanks

My incle has just undergone angioplasty and had a stent implant. Is he eligible for health insurance policy?

If so, pls advise a good insurer in India.

what is the primary purpose of life insurance?

a. to help save money for old age
b. to pay us an income if we are injured and cant work
c. to help maintain the standard of living of those who depend on our income
d. to pay back our parents for the money they spent on us if we die

My husband is a physican. Is it normal to have a one million dollar life insurance policy?

I am his wife and was advice my our financial planner to have a one million dollar policy so that I could pay off the mortgage (~350K) as well as car payments and the like. This does not seem excessive to me, but my husband is now furious. I have been married to him for nine years and he brought it up tonight for no reason.
My father, who also was a physician, died last month and left me three million dollars in a trust fund. So I have my own money, plus I have my own 401 K (95 K) and my own brokeragge account (120K).
Is my husband wrong to be so upset about a silly one million dollar life insurance policy????????
Thanks-
I am the "cheap" husband, according to one answer.
A few things my wife forgot to mention: She quit her job last year, so her 401 K and the like…they don't accumulate any more money at this point, except to pay for the lapsed dental/health insurance we must now pay out of pocket for. Her trust fund ineritence: only 1/3 is hers in another 1 and 1/2 years, the rest after five more years after that. If my wife dies before then, the money goes to her aunt. So when she says she has money, she means she had saved money, she is referring to a financial pool we BOTH contribute to. So, yeah…why is she so keen on getting a million bucks for my untimely death when she has the money coming to her in the next several years? Is something going to happen to me between now and then that I don't know about? Hmmmmmmmm……
Christ, all this thinking…I'm gonna go play some Guitar Hero III

can you have your SR22 insurance with a different insurance from you auto insurance?

I have my SR22 insurance with one company andy my auto insurance with another company? Is this OK?

if i buy a house built into a hill, what type of insurance do I need?

I will need flood, homeowners insurance. Anything else?