My car got totaled and the insurance payout is way less than what I owe on the loan, and I'm stuck making payments on a car I can't drive while also needing to buy a new one, and I feel like an idiot for not understanding how gap coverage worked.
More people experience this than they realize.
Financial illiteracy in a complex system has created consequences that feel like punishment for not knowing what you couldn't have known.
“Where Are You with Insurance — theory and practice?”
If this sounds familiar, the Library can help you find the bigger picture.