Which is probably what her insurer would pay

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Reference no: EM133540133

Question: Monica still owes $18,000 on her 4-year auto loan. However, the market for large gas guzzlers like hers has declined to the extent that comparable used vehicles now sell for $15,000, which is probably what her insurer would pay if her vehicle is totaled in an accident. If she is smart, she will modify her auto policy by adding what is commonly known as a(n) (Search Chapter 5) a. gap endorsement. b. loss payable clause. c. standard mortgage clause. d. stated amount endorsement.

Reference no: EM133540133

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